Alia's store is located in a dense region which requires a lot of care and always keeps it full with everything her customers need. Her products are of a high quality, and her prices are affordable. Because of this she has highly loyal customers.
Alia is applying for a loan from Kiva's partner Al Majmoua, in order to start a new business and increase her store's merchandise based on her customers' needs.
She will open an internet cafe, that will attract almost all of the region's kids and teenagers, and will help her to increase her income, improve her quality of living and help her save for her elderly living.
She aims to expand her business from a small grocery store into a wide supermarket.
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