Nehmeh has applied for a loan from Kiva's partner Al Majmoua in order to improve her accessories selling sector by expanding her stock to include a newly released collection. She has been a borrower with Al Majmoua for four consecutive cycles, which has helped her to increase her products and expand her business.
Nehmeh hopes to continue improving her business and aims to increase the size of her shop and move to a better commercial area.
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