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Salma
Salma is a 42-year-old married mother of three children. She and her employed husband combine their incomes to provide their two children with a good education.

Working from home, Salma designs all kinds of handicrafts; she has mastered this profession over time and has twenty years' experience. Her business development was smooth as she didn’t face any marked difficulties in establishing it.

An ambitious and talented woman, Salma believes that she is able to make promising progress and fulfill her dream of opening a shop and gaining more visibility through displaying her merchandise.

She is acquiring a loan from Kiva’s partner, Al Majmoua, to renovate her house and pay the fees for the aluminum works in her kitchen.

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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Salma to renovate her house and pay the fees for the aluminum works in her kitchen.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015