She has been an Al Majmoua borrower for two cycles. Her previous loan helped a lot in buying necessary tools and machines for her business. Today, Wafaa is applying for an Al Majmoua-Kiva partner loan in order to take care of necessary maintenance to the salon's door & to increase her stock of beauty cosmetics that she uses and sells to customers. Wafaa hopes to start an additional business that has to deal with sleeping clothes and underwear, 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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Success!! The loan was 100% repaid