Sanaa is a 36-year-old woman who lives in Beirut, the capital of Lebanon, with her husband and their child. Sanaa has owned a chocolate shop since 2004. She offers chocolate designs for celebrations, souvenirs, birth gifts, marriage gifts, etc. Sanaa is special in her work because she does very nice chocolate designs and has competitive prices. Her clients are her friends and neighbors. She requested a loan from Al Majmoua in order to purchase accessories for chocolate design. This is her second cycle, and she has always paid on time. When she first started her business, she had financial issues in purchasing as much as she needed. Sanaa decided on doing her business because of her experience and her like of that work. In the future, she plans on expanding.
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.