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Salma
Salma is a 44-year-old married woman, who has been working as a tailor from her house for seventeen years. She is a hardworker, well known in her region with the special talents and designs she provides.

Salma is working hard to develop her business and talents. She is acquiring a loan from Kiva's field partner Al Majmoua in order to buy a new updated tailoring machine and special summer design textiles.

She hopes that one day she can open her own clothes factory outside her house and develop her business widely.

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
  • 107
    View loans »
    Lebanon Loans Fundraising
  • $16,217,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,000 helped Salma to buy a new updated tailoring machine and special summer design textiles.
93% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
N/A