Mariam is a woman with a good reputation. Everyone in the region knows how polite and shy she is. She's a hard worker. She does her best in order to cover her child and her own expenses. She used to work in a cloth sales shop as a sales person for 10 years. She also worked in a tiles shop in addition to a plastic goods shop.
Mariam is requesting a loan from Al Majmoua, in order to add new products to her business. She's going to add perfumes, cosmetics and accessories, but they will be sold at her grocery store. Then, when her business expands, she will open a separate cosmetics and perfumerie shop.
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