A loan of $1,300 helps to pay her son’s fourth year university tuition fees where he is majoring in Journalism.
Khadija is a 52-year-old divorced mother of two children and works as a teacher to cover her family’s needs and expenses.
Khadija is acquiring a loan from Kiva’s field partner, Al Majmoua, to pay for her son’s university tuition fees. He is in his fourth year majoring in Journalism. She hopes to stay capable of providing her family with better living conditions.
This loan is special because:
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About Al Majmoua:
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.