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Rida
Rida is a 50-year-old, widowed mother of six children. She has owned her own bakery for 18 years. Her long experience has provided her with special talents in her domain. She faced some difficulties during establishing her business, since she had to raise her children and develop her business alone after her husband passed away.

This is her second cycle as an Al Majmoua borrower. Her last loan was requested was for her daughter to undergo a surgery. Her acquired loan will be invested in buying a car necessary for her business development. It will help her in transporting business needs from the wholesale market to the bakery easily. As for the future, she hopes to open a wider bakery and develop her family’s living.

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

  • $15,800
    Average annual income
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Rida to buy a car necessary for business development, and needed for transporting business needs from the wholesale market to her bakery.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2014
Listed
May 8, 2014
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2015