At the beginning she had financial problems but the fact that she is an expert in her domain and that she works on a farm as well allowed her to provide herself with a more secure living.
This is her first loan. She is requesting a loan from Al Majmoua to buy a bakery machine and tools to open a new branch, as well as for maintenance costs in her shop. In the future, she wishes to open a big bakery and reach a larger number of clients.
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