Rania is a hardworking woman. She started her business seven years ago to help her husband in improving their social and financial situations. Rania is requesting a loan from Kiva-partner Al Majmoua in order to increase her merchandise with the new season's collections, especially for the Adha Eid “Muslim Holy Pilgrim.”
Most of her customers are family members, friends, neighbors and relatives; they highly support her in order to provide a good living for her children. Rania’s special reputation earned her customers’ support and trust. She insists on improving her business as much as she can in order to expand it through opening a shop instead of working from her own house.
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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