Fatima is requesting her first loan from Al Majmoua in order to buy extra winter clothing. Her clients are her neighbors, relatives, and people passing by. Her prices are affordable to most people and she believes she has to do so to help everyone dress properly. Fatima would like to do some decorations to her shop but she believes she could do it when she pays back the requested loan, and requests another one.
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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