Update on NajwaNajwa is 46-year-old divorced woman. She works selling printers and straps for bags. She has 15 years of experience in her work. Najwa likes her work, and she always tries to improve it. With the applied-for loan from Al-Majmoua, Kiva's partner, she will buy straps and a special strap-making machine to expand her business and increase her income. She works hard and never gets tired of seeking ways to progress in life and develop herself. She has customers from her community and from among her neighbors who recommend her products to others.
Through her last loan she was able to improve her business a lot, and she opened a new business where she employs maids from abroad, a highly recommended service these days.
She hopes to keep on improving both businesses as much as she can.
Previous Loan DetailsNajwa is 46 years old and married. She works selling printers and straps for bags. She has 14 years of experience in her work. She likes her work, and she is always trying to improve it, as she is diligent and active, and trying to improve her family's material situation and social status. With a... More from Najwa's previous loan »
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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