Safaa started working in 2006. She works at her house as a hairdresser and makeup artist. She is willing to start selling cosmetics, and that's why she requested a loan from A. Majmoua this time. Her previous loan was to buy new machines and tools for her business, and that eased her work a lot. Her customers can afford her prices and she's going to trade with requested materials so that she won't be stuck with merchandise that is hard to sell. She is also going to buy a bed and an oven she really needs.
She hopes to expand her business and open a small beauty salon outside her house. She said that she hopes one day she can save enough money to take this step.
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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