She has been a client of Al Majmoua for the past 3 years and has a very good record of on time repayment. Before opening the shop a couple of years ago, Therese was working from her home. With time, she understood that if she wants to get more exposure and expand her business, she needs to open a shop and offer a better visibility for her work.
As expected, since the opening of the shop, she enlarged her clients base and increased her monthly revenues in a substantial way.
This time, Therese needs a loan for an amount of USD 750 to buy a stock of fabrics and sewing threads. Indeed, she has received from 2 schools in her neighborhood a request to provide them with a large number of students uniforms.
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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Success!! The loan was 100% repaid