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Nasreen
Nasreen is a 35-year-old married mother of five, who has been selling clothes from her home for 14 years. Her determination and wide experience provide her with special talents in her domain. She and her husband combine their incomes to improve their family’s living standards. Thus her limited financial situation at the beginning has been a major setback for expanding her business.

Nasreen is an old Al Majmoua borrower of three successful, consecutive loans. Today she is seeking a new loan to increase her inventory with newly released spring and summer collections, which increases her income and provides her customers with a wide variety that attracts their attention and assures business sustainability.

She hopes to keep on developing her business and would like to open her own clothing shop in the future.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,614,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,700 helped Nasreen to add new spring and summer inventory.
60% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
N/A