Safiya is quite happy with her business and its support for her life. People in her village like her designing, patching and fine-finishing skills. She is confident of her products and trusts her continuity in this field.
Safiya is applying for a loan from Kiva’s partner, Al Majmoua, to buy some tools and fabrics necessary for her business. As she generates more income, she wants to assist her sister in covering some of her living expenses.
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