Najah is well-liked by most of her neighbors, who really encourage her to improve her situation. Like most grocery-store owners, Najah is requesting a loan from Al Majmoua, a Kiva partner, before the holy month of Ramadan so she can increase her stock of goods with dates, special Ramadan syrups, and nuts. This is her third loan.
Najah is a borrower in good standing, and her previous loans have had a great impact on her business and social situation. Najah hopes to stay healthy so she can improve her business and keep on meeting her needs.
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