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Mona
Mona is a 32-year-old mother of four, who has been running a convenience store for seven months in order to support her husband in covering the family's increasing needs and expenses.

Mona is acquiring a loan from Kiva's field partner Al Majmoua in order to increase her inventory of business merchandise with special summer beverages, in addition to special holy month of Ramadan dates.

Mona is willing to develop her business in a well-managed way in order to make sure that she can expand it into a wider shop in the future and to ensure that she can provide her children with the best education and living conditions.

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
  • 31
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mona to increase her inventory of merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2014
Listed
Jul 4, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015