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Hanaa
Hanan is the 42-year-old married mother of five children. After working for six years as a sales agent, she decided to start her own home-based business. In the beginning, she faced a major challenge in gaining visibility among potential customers. However, with determination and long experience in the field, Hanan was able to overcome this difficulty. Currently, she sells Brazilian gold accessories from home and has a wide client base.

With the money she makes, Hanan is able to help her husband, who is employed as a driver in a factory, to cover their household expenses. They are both devoted to improving their family’s living situation and providing their five children with good education. Today, she is requesting a loan from Kiva partner Al Majmoua to buy new accessories, thus increasing her sales, enhancing her revenues and eventually expanding her business.

In the future, Hanan seeks to enlarge her client outreach by establishing a small store.

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
  • 66
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    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 Hanaa to expand her business by buying new accessories.
91% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
N/A