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Fatat
Fatat is a 51-year-old married mother of two children. She is a hard worker and has been selling used clothes since 2012, to support her beloved husband in covering her precious family's needs and requests. When she started her business, Fatat faced slight obstacles in finding a shop with a special location that could freely attract customers' attention. Today, she is well known in her region for the special prices and quality of products that she provides to her customers. Her current customers are the main marketing sector on which she relies.

Today, Fatat is acquiring a loan from Kiva partner, Al Majmoua, to increase her business merchandise with special spring and summer collections to provide her customers with a wide variety of products upon their request.

She hopes to keep on developing her business through diversifying her products and moving to a larger place in the future, as she is already working on expanding into the shoes sector.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Fatat to increase her business merchandise with special spring and summer collections.
91% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
N/A