Naayem is a hardworking woman. She is proud that she's capable of helping her husband to improve their standard of living. That's why she is requesting a loan from Kiva partner Al Majmoua in order to buy a new machine necessary to improve the quality of her products and increase her productivity in a very short period of time.
Naayem will also invest part of the loan to help her son pay for his wedding as her gift to him.
She is very happy and anxious to take the loan, and hopes to expand her business more as well as to open her own atelier 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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