In the beginning, Ekram faced slight difficulties since her customers are only her area neighbors which limits her expansion.
Ekram applied for a loan from Kiva's partner Al Majmoua in order to increase her business capital by increasing her store inventory with special offer products in addition to selling a special autumn clothes collection. She hopes that through this loan, she will be capable of improving her business which will increase her income and improve her financial situation.
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