In 2002, Hanaa started a cosmetics & perfumes trading business in her house. It has improved since she started with the help of a loan she got from Kiva partner, Al Majmoua. Her previous loan had a positive impact, and that's why she is applying for another one.
She will invest in her business by buying new autumn-winter cosmetics & perfumes collections. She believes that the new collections will be sold quickly because of the Holy Christmas & New Year's season.
Hanaa is a hard worker. She hopes to open a big shop in the future, and to add clothes to her trade.
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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