She believes that her business draws a smile to the face of everyone who gets a gift; she also sells stationery and some useful household items.
She is requesting a loan from Kiva partner, Al Majmoua. This will be her third loan from Al Majmoua. She is planning to increase her store's inventory with the loan. She says that, without the loan, she would not be able to provide the same level of support for her family. In the future, Lakrima is hoping to further expand and develop her business.
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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