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Mona
Mona is a 44-year-old married mother of four whose husband works in furniture repair. She took over her family’s tailoring business from her parents and the revenues she makes from the shop help her pay for her children‘s private school education. Her business attracts a number of customers from around her neighborhood who are impressed by the high quality of her work.

Mona is an ambitious woman who believes in taking advantage of every opportunity in life. She acquired a loan from Kiva’s field partner Al Majmoua so that she can scale her business and increase her productivity in order to generate more revenue, through buying new tailoring machine that will help her improve her business production.

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
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,099,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Mona to buy a new tailoring machine that will help her improve her business production.
86% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 26, 2014
Currency Exchange Loss:
N/A