Zeinab applied for a loan from Kiva partner Al Majmoua to improve and increase her business production, through buying special seeds and seedlings.
This is Zeinab's second cycle as an Al Majmoua borrower. With her previous loan, Zeinab was able to start a new business to increase her family's income. She opened a grocery store, which she will also support through this loan. She hopes to expand both businesses as much as she can.
Zeinab will invest part of the loan in necessary home maintenance before the winter season.
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