Linda has worked as a tailor for five years, and she also works in a library to make her living. To improve her business, Linda applied for a loan from Kiva partner Al Majmoua in order buy a new tailoring machine in order to improve her quality of work, and to decrease the time needed to finish a certain request.
Linda will also invest part of the loan in starting a new trade - she will support a lot to expand in the future. She has no idea as of now what she will sell but she said that when the cash is available, you can start any business with special offers.
Linda hopes to open a cloth-selling shop in the future to please her customers as much as she can.
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