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Intisar
Intisar is a 56-year-old widowed Palestinian refugee, who has been working hard for her living since her husband passed away, leaving her alone with no one to help her with her living expenses. Seven years ago, Intisar started her own business selling veils, which attracted most of the camp’s population who want such items, even through her limited income and living costs have made it impossible to develop her business widely and properly. For this reason, Intisar is taking out a loan from Kiva's field partner Al Majmoua, to increase her merchandise with a specially released summer collection that will attract’ customers’ attention and develop her business. This will be Intisar's sixth loan cycle at Al Majmoua. Through her previous loans, she was capable of increasing her business capital, since she couldn't save enough money from her limited income for this purpose. She hopes that one day she can open another business that will cover most of her living needs.

Additional Information

More information about this loan

This loan is specifically designed for Al Majmoua's vulnerable clients, namely non-Lebanese such as Filipinos, Egyptians and Syrian and Palestinians refugees. These communities have been marginalized by the Lebanese government and society and do not enjoy the same opportunities in the work, educational, and health fields. By funding this loan, you are helping these individuals improve their businesses and provide for their families. 

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 Intisar to increase her stock of merchandise with a specially released summer collection that will attract customer attention.
53% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
N/A