Hayat is a woman with a good reputation. She is very talented in her business, and most of her customers recommend her to others. Her prices are encouraging and affordable to anyone, which is an advantage in which she invests.
Hayat is requesting a loan from Al Majmoua, in order to help her husband pay what’s left from the price of their dream house, the house that they’ve been working hard their entire life to get, and their dream is almost coming true. With the requested loan, Hayat and her husband will secure their elderly life in their own house, and they will rest without thinking of how they have to pay the rent at the end of each month if one of them wasn’t capable of working anymore. She said that they are aging with no one to look after them, which is why they are working hard not to be in need of anyone 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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