Sanae has owned a grocery store for a few years. She also sells candies, canned food, home cleaning products, etc. She requested a loan from A. Majmoua in order to purchase merchandise for her store. This is the first time that she has requested a loan from A. Majmoua.
Sanae is speciA. in her work because she opens early in the morning and closes late in the evening. Her clients are her friends, neighbors and passers-by. When she first started her business, she didn’t have enough cash to purchase a lot of merchandise. She decided doing her business because she wanted to supplement her husband’s income, as well as always wanting to work for herself.
In future, Sanae plans to keep on improving her store.
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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