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Fatima
Fatima is a 44-year-old married mother of two children who has been running her convenience store since 1995 to provide her beloved family with the necessary standard of living.
Fatima is taking out her third loan with Kiva's field partner Al Majmoua, in order to increase the stock in her grocery store with special spring/summer product offers. She will also invest part of the loan to pay for her son's wedding expenses.
Her previous loans helped her a lot in increasing her business capital and developing her family's socioeconomic situation.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,500 helped Fatima to increase the stock in her store and to pay for her son's wedding.
50% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
N/A