Marlein has a very good reputation and is loved by almost all of her friends and neighbors. She applied for a YOUTH LOAN from Kiva partner Al Majmoua, in order to buy iron doors for the barn she has to keep her cows safe and organized.
Marlein is working hard to improve her business through improving the barn situation to help the cows improve their production of milk and dairy products.
This is her second cycle as an Al Majmoua borrower, with a good standing in her paying-back history. Her previous loan was invested in her business, through finishing building the cows' existing room. She will work hard on building another room to increase the number of her cows and that will surely lead to an increase in milk and dairy production.
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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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