Zeinab is skilled at what she does and works hard on improving her business as much as she can. That is why she is requesting a loan from Al Majmoua, Kiva's partner, in order to buy a specialized tailoring machine and to increase her home appliances capital.
Zeinab's business increases a lot during the holy Eid Al Fitr celebrations, a three day Muslim holiday that marks the end of Ramadan, since most people mend old clothes or request new tailored dresses and many other items. An updated machine would help a lot during this season and the coming days. Zeinab hopes to expand her business by opening two big separate shops 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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