Fatima is a hard worker who puts so much effort into improving her business, which is affected by the lack of electricity, and that's why she applied for a loan from Kiva's partner Al Majmoua in order to buy a power generator and a new updated sewing machine.
Both items will increase her business and improve her income. Most of Fatima's customers are neighbors, friends, and relatives. Fatima is planning to develop her business into a big clothing factory.
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