Zeinab is applying for a loan from Kiva's Partner, Al Majmoua, which she will invest in increasing her supplies of foodstuffs and apparel. She will specifically focus on women's and children's clothing which seem to have high demand in her area. With the availability of the necessary capital, Zeinab will be able to employ her trade knowledge, experience and good reputation to achieve her business expansion and growth plans.
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