Her business is good enough to cover her family's expenses and nothing more, so that's why Fatima applied for a loan from Kiva partner Al Majmoua in order to increase her merchandise to increase her business production, which will lead to an increase in her family's income and will improve their social and financial situations at the same time.
Fatima's customers are neighbors, villagers and relatives. She hopes to expand her business more and more and will try her best to finish building her house which she might use part of this loan to make necessary maintenance requested.
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