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Karen is an 18-year-old married mother of one child. She has been working selling beauty cosmetics for three years.

Karen is a hard worker; she puts so much effort into expanding her business to open one day a shop of her own outside her house, but in the meantime she doesn't have enough cash to take this huge step forward.

Today, she is applying for a YOUTH loan from Kiva Partner Al Majmoua, to increase her business merchandise with a special summer collection. She will also use part of the loan to pay what is left from her daughter's baptism expenses.

Karen is hoping that one day she will make her own and her family's dreams come true.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Karen to increase her business merchandise with a special summer collection.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 25, 2013
Currency Exchange Loss:
Oct 17, 2014