Salwa used to be a school manager, but she retired at the age of 60. She couldn't imagine herself without work, so she opened her own small business. Salwa is a hardworking woman. She was responsible of raising her daughter since her husband passed away. She did quite a good job.
To improve her business, Salwa applied for a loan from Kiva partner Al Majmoua in order to increase her business capital with special accessories, cosmetics and perfumes. Salwa is very sure that this loan will help in fulfilling her customers' needs and desires.
She hopes to stay in good health and to continue making a living without asking for others' help.
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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Success!! The loan was 100% repaid