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Chafika
Chafika is a 53-year-old married mother of four children.

In June 2013 she established her current convenience store to support her beloved husband in making their living and covering their increasing expenses. She is acquiring a loan from Kiva's field partner Al Majmoua, in order to increase her business merchandise with special spring and summer beverages, especially the tasty ice cream, in addition to making necessary instalments to get electricity 24/7 to keep her products fresh and stored in a well managed way.

Chafika will work hard in the future to start a wholesale trade as an additional income business, that she will develop in a well managed way.

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
  • 33
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Chafika to increase her business merchandise with special spring and summer beverages, in addition to making necessary instalments to get electricity 24/7 to keep her products fresh and stored in a well managed way.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015