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Salwa
Salwa is a thirty-three-year-old married mother of two, one of whom is enrolled in a private school. She opened her own cellular phone store four years ago, when she took over the profession from her brother. She started as his business partner in his shop and through her acquired income, she started her own business to earn an additional income. At first Salwa faced some obstacles in the business due to the amount of competition around her shop but her fourteen years of working have taught her to be patient, and now her sales are good.

Salwa is an ambitious woman who pursues every opportunity in life. Her five previous loan cycles with Kiva’s field partner Al Majmoua are a proof of her determination to succeed. She is asking for a new loan to expand her shop's area through adding more space, and shelves in order to improve her sales by increasing her business capital with more mobile phones, accessories and prepaid cards. In the future she dreams of opening a wholesale store to start supplying small shops like hers with merchandise.

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

  • $5,900
    Average annual income
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,500 helped Salwa to expand her shop's area through adding more space, and shelves in order to improve her sales by increasing her business capital with more mobile phones, accessories and prepaid cards.
39% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
N/A