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Safiyeh
Safiyeh is a 45 year old woman who lives in Saida, southern Lebanon, with her husband and their five children. Safiyeh has owned a grocery and sweets store for four years. She requested a loan of 1200 US dollars from Al Majmoua in order to purchase merchandise and candies for her shop. This is her second cycle and she has always paid on time.



Safiyeh said that her previous loan has influenced her life in a good way. She is special in her work because she is the only big shop in her area, and she also opens early in the morning till midnight every day. She makes 400 US dollars per month. Her clients are her friends and neighbors. She started her business because of the difficult living conditions in the camp, as well as the lack of money. In the future, she plans to expand her business by opening a bigger shop.

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.

About Lebanon

  • $5,900
    Average annual income
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $14,580,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Safiyeh safiyeh needs the loan to purchase merchandise and candies for her shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2008
Listed
Dec 15, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010