Her sewing machines aren't modern and updated, but through a loan she's requesting from Kiva's partner, Al Majmoua, Marie will be capable of buying a special sewing machine in addition to a tailoring stand and necessary tailoring tools. These will definitely help in improving her quality and quantity of work.
Marie has been an Al Majmoua borrower for four consecutive cycles, and all of them reflected positively on her social and financial situation. She is also a good borrower that Al Majmoua is proud to deal with. Marie hopes to open her own atelier as soon as possible.
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