Update on BadrBadr is a 52-year-old married mother of three children, who has owned a convenience store in her village since June 2011, while her husband works in a restaurant. Their combined revenue is barely enough to provide for the entire family.
Thus, she contacted Al Majmoua because it was her last hope to acquire a loan. In fact, she needs it to pay for her son's school educational fees, and to purchase wooden doors for her house.
Badr is working hard on developing her business, in a well-managed way through diversifying the business merchandise and to make sure that it will cover her family's increasing needs.
Previous Loan DetailsBadr is a 51-year-old married mother of three children. She is the owner of her supermarket in her village, while her husband works in a restaurant. Their combined revenue is barely enough to provide for the entire family. She contacted Al Majmoua because it was her last hope to acquire a loan. In… More from Badr's previous loan »
More information about this loan
This loan is part of Al Majmoua's efforts to finance school expenses such as books, stationary, transportation and fees for students whose families have low incomes. Funds can be used for partial or complete payment of school expenses. By supporting this loan, you're enabling access to education for students with limited options.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid