This is Fatemah's eleventh cycle with Al Majmoua. She is requesting a loan in order to increase her capital through buying big quantities with special prices. In addition, she will help her son in building his own house, through a small payment she will give him.
Fatemah is encouraged by most of her customers, neighbors and family, and this what has helped her to stay this long and expand her business. She hopes to open a big shop in the future.
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