Hanan is well-known in the region. With her good reputation and hard work, she performs to help her children. She applied for a loan for the first time from Kiva's partner Al Majmoua in order to buy preserved foods, beverages, detergents and sweets to open a new branch, which will for sure improve her living. Her son helps her a lot in her shop. He asks her most of the time to go home and rest as he fills in her place.
Most of Hanan's customers are neighbors, relatives, friends and some people passing by. She hopes to keep on expanding her business in a wider region to keep her children in a good heritage.
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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