Suzan owns a hairdressing salon and she also sells beauty products. She requested a loan from Al Majmoua in order to purchase new equipment and beauty products for her work. This is her third loan and she has always repaid on time.
Suzan is special in her work because she knows how to treat her clients and is aware of new hairstyles. Her clients are her friends and neighbors. Suzan decided on doing her business because of her experience and when she first started her business, she didn’t face difficulties. In the future, she plans on expanding her work.
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.
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