This is Rima’s second cycle with Al Majmoua, and she proved to be a person who keeps her promise by paying back on schedule and as expected. This time, Rima has requested a Loan from Al Majmoua in order to buy primary materials necessary for her business, such as flour, oil and salt. Rima helps her husband provide for their family's income and their household expenses, and she’s proud of what she has achieved, because raising a family nowadays is very hard and expensive for people who care about their kids' future and education. Rima dreams of a big famous bakery that everyone knows and visits.
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