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Toufica
Toufica is a 45-year-old, widowed mother of three children. She works hard to provide them necessary living standards since her husband passed away. She is a talented hairdresser and has learned this profession through her mother, who encouraged her to learn it. Her 24 years of experience provided her with special talents and skills, which encouraged her to establish her own beauty salon two years ago. At the beginning, she had to work hard to build a strong chain of customers.

Through her currently acquired loan from Kiva partner, Al Majmoua, Toufica seeks to buy gowns, dresses and new business needs, to start selling in her salon, to increase her income and develop her financial situation.

Her future plan is to expand her business, through diversifying the products and services provided.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,166,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Toufica to buy gowns, dresses, and new business needs, to increase her income and develop her financial situation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2014
Listed
May 8, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015