Rabeaa has been an Al Majmoua borrower for seven cycles, with a good-standing pay back history and excellent reputation. Rabeaa applied for a loan from Kiva's partner Al Majmoua, in order to increase her merchandise with special season make-up, perfume and cosmetics offers. She hopes that one day she will open a big cosmetics and accessories shop where she can provide privacy to her family.
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