Fatima has requested a loan from Al Majmoua, in order to buy new her Autumn/Winter collection at good prices. Fatima has been an Al Majmoua borrower for 9 consecutive cycles and she is a good standing borrower with a perfectly developed career. She started with a very small shop that turned into a special one, as she describes. Her shop is in a crowded area with a high population, which is helpful for increasing her income.
Fatima works hard to improve her family's income by providing quality education and healthy living for her family.
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