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Sara
Sara is a young Syrian in her late twenties. She has been living in Lebanon with her husband and children for several years and works in sewing different types of crochet ranging from clothes, to accessories and hand picked decorative items.
She is asking for a 1,543,658 Lebanese pounds loan for the first time from Kiva partner Ibdaa. She plans to use the loan to buy a sewing machine and expand her sewing kit which will help her develop her small business.
She needs to improve her business to provide her three young children with better living conditions and cover their needs under an unstable socio-economic situation.

Additional Information

More information about this loan

This loan is part of Ibdaa’s pilot program to help Syrian refugees who have fled to Lebanon, escaping the violent conflict in their home country. With more than one million Syrian refugees coming to Lebanon since the start of the Syrian Civil War since March 2011, economic opportunities are very limited. Beyond to the day-to-day struggle of being refugees in a new country, these individuals do not have access to traditional financial services and face harsh discrimination in Lebanese society. Most microfinance institutions in the country will not serve this population. By supporting this loan, you are helping some of the most marginalized individuals in Lebanon develop their businesses and provide for their families.

About Ibdaa Microfinance:

Ibdaa Microfinance is an initiative of the Arab Gulf Fund (AGFUND) aimed at reducing poverty and unemployment in Lebanon. With Kiva’s help, Ibdaa provides affordable microfinance services to the most marginalized segments of Lebanese societies, including displaced refugees, women and young entrepreneurs. The loans will help improve the quality of life of displaced refugees and their families, and offer Lebanese youth a chance to start their own successful businesses.

About Lebanon

  • $5,900
    Average annual income
  • 90
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • 1,511.7
    Lebanon Pounds (LBP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Sara to expand her sewing kit.
50% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2014
Listed
Aug 27, 2014
Currency Exchange Loss:
Possible