Fatima is a a 33-year-old married woman who lives in Bint Jbeil, Lebanon with her husband and four children. Fatima has owned a clothing shop since 2008; she has worked in other shops since 2003. As she worked hard to establish her own business, cash flow was the major problem delaying the achievement of her goal. This is Fatima’s first time requesting a loan from Al Majmoua since she would like to support her business before the coming Holy Ramadan season and the new autumn collection. Fatima sells clothes, lingerie and perfumes in her store. She believes that a good business must contain as much as the client needs. Fatima works hard to help her husband in raising their four children the best way they can, providing them with education, good living and respect.
About Al Majmoua – Lebanese Association for Development
The 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.