She either sells her work at home or she passes her creations to a woman in charge of selling them.
Fadia needs to buy the necessary materials and accessories to sustain and gradually develop her small business.
Fadia is part of a group with 5 other women from the same village. Her group's name is 'A. Eman' which means faith.
The requested loan is for this group of self-chosen women, living in vulnerable conditions, mostly in rurA. areas.
Group lending is based on incrementA. increase of loan amount and group solidarity to guarantee repayment.
The strength of the group loan is that it encourages a collaborative approach in the borrowing community. The group loan is a very powerful tool towards the economic empowerment of women.
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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