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Amal
Amal is a 30-year-old widowed mother of two. Nine years ago, her beloved husband passed away, leaving her alone with her precious children struggling to provide them with the necessary living needs. For this reason, she established her current children and women's clothes-selling business in addition to selling perfumes to increase her income.

Amal is a hard worker. Her loss gave her the necessary strength to stand still and work hard to support her family. She is taking on the role of both the caring mother and the supportive father.

Her business income isn't enough to expand her business and increase her capital, since she has living expenses to cover. So Kiva's field partner Al Majmoua was her only hope to take this step forward with a Youth loan that will be invested in increasing her business merchandise with a special summer released collection to attract new customers and increase her sales.

She hopes to be able to develop her business in a well-managed way to make sure that the acquired income is enough to cover her children's living expenses.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Amal to buy a special summer released collection of clothing to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015