Souzan is a 25-year-old woman who lives in Beirut, the capital of Lebanon. Souzan has owned a beauty lounge for almost two years now. She does makeup, manicure and pedicure, hair removal and lots more. Souzan is special in her work because she knows how to please her clients and she is talented in her work. Her clients are her friends, neighbors and tourists. She requested a loan from Al Majmoua in order to purchase a laser machine for work. This is the first time that Souzan has requested a loan from Al Majmoua. When she first started her business, she didn’t face difficulties. Souzan decided on doing her business because of her experience. Before she opened her beauty lounge, she used to work in one. In the future, she plans on expanding her work by opening another beauty lounge.
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.