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Rita
Rita is a 51-year-old, married mother of two children. She has been working at selling underwear and lingerie for five years to support her husband in developing their living. Rita is well known in her region with the special quality of products she sells at encouraging prices. She is working hard to develop her living, but she is hindered by her family's increasing needs. Thus, for this reason Rita is acquiring a loan from Kiva partner Al Majmoua, to increase her business merchandise with a special summer collection. This is her second cycle as Al Majmoua borrower. Her previous loan was invested the same way and created impressive results. She hopes to expand her business more through diversifying her products and expanding her working place.

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 Lebanon

  • $5,900
    Average annual income
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    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 Rita to increase her merchandise with a special summer collection.
75% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2014
Listed
May 12, 2014
Currency Exchange Loss:
N/A