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Mona
Mona is a 56 year old woman who lives in Saida, southern Lebanon with her husband and their eight children. Mona has been selling home accessories products for four years. She sells coffee cups, mugs, dishes and a lot of other products. Mona requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise. This is the first time that Mona has requested a loan.
Mona is special in her work because she knows how to treat her clients. Her clients are her friends and neighbors. She decided on doing her business because she wanted to work and supplement her family’s income. In the future, she plans on improving by purchasing a 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

  • $15,800
    Average annual income
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mona to purchase merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2009
Listed
Apr 6, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2010