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Ifdal
Ifdal is a 33 year old woman who lives in Tripoli in northern of Lebanon. Ifdal owns a grocery store in where she sells groceries, canned food and candies. She has requested a loan of 1000 US dollars from Al Majmoua in order to purchase canned food, detergent and other merchandise for her store. This is the first time that Ifdal has requested a loan.
When Ifdal first started her business, she didn’t have the capital needed to start her business because she is a single woman. Her clients are her family members, friends and neighbors. She decided on doing this business because she gained experience by working in other shops. In the future, she plans to improve her business by having more merchandise in order for her to insure sustainability.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ifdal ifdal needs the loan to purchase canned food, detergent and other merchandise for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2008
Listed
Jan 2, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010