Ikram is experiencing an Al Majmoua loan for the first time. She knew about it from her neighbor, who gave her a very positive and impressive feedback about his loan through Al Majmoua-KIVA and his business progress, and now she's very excited to share her experience with them.
Her requested loan will be used to buy a new sewing machine and its tools. This machine will help in doing extra jobs in less time and with perfect quality. Ikram hopes to open a big tailoring factory in the future to expand her business as much as she can, and to make sure her family's future is secured.
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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