Nada has been an Al Majmoua borrower for four loan cycles. Her previous loans helped her a lot in improving her living conditions and expanding her business.
Nada applied for a loan from Kiva's partner Al Majmoua in order to buy a new sewing machine and to pay for her children's tuition fees. Her old sewing machine is not working, and this affects her business a lot; that's why she has to get this loan and buy a new one to reply to customers' needs quickly.
Her previous loans helped a lot in that she moved her house to a better one on the main road.
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