When she first opened her store, she realized that it was a good location where she can attracts lots of clientele. Usually, her clients are her friends, neighbors and tourists.
Hiba is requesting a loan of $2,000 from Kiva partner, Al Majmoua, which she plans to use to increase her store’s inventory. This is her third loan from Al Majmoua. Her previous loans allowed her to continually improve her sales and increase her stock.
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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