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Salma
Salma is a 44-year-old woman who lives in Bourj el Barajneh, in the southern suburbs of Lebanon, with her husband and their four children. She has been doing handicrafts for twenty-two years. She does crochet and some woolen projects. Salma requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise. Salma has been a microcredit client for three years now and has always paid on time.

The loan had a good influence on her and her family's lifestyle. Salam is special for her work because her business is rare. Her clients are her friends and neighbors. She decided to do this business in order to help support her family.

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

  • $15,800
    Average annual income
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,099,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Salma salma needs the loan to purchase materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010