Saadah is requesting her fourth loan from Al Majmoua in order to improve her business and to pay back money she borrowed from friends to pay for her mother's medication. Her previous loans have helped her a great deal, given she has no one else to help her in improving her business, economic, or social life.
All that Saadah hopes for is to have some rest after having confronted many problems that arose after her divorce and her mother's sickness.
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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