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Chirine
Chirine is a 21-year-old, single woman who took over her father's grocery shop five years ago, after quitting school during the intermediate level. Her business faced some financial difficulties at first, but she was able to overcome these challenges with time. Now, her shop has lots of business and is well-attended by clients from the surrounding area.

Chirine regularly pursues every advantage in life, so she acquired a Youth loan from Kiva’s field partner, Al Majmoua Lebanese Association for Development, in order to settle her engagement fees.

In the future, she intends to make further progress in her business by increasing her sales and achieving greater financial stability.

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
  • 80
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • 1,515.4
    Lebanon Pounds (LBP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,325 helped Chirine to settle her engagement fees.
60% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2014
Listed
Jul 8, 2014
Currency Exchange Loss:
Possible