Siham is a hard worker, with a very good reputation. She is well known in the region for the best prices and the quality of the products she sells.
Siham has been an Al Majmoua borrower for two cycles. Her previous loan helped her a lot in starting up and supporting her business.
Today she is applying for another loan from Kiva's partner Al Majmoua, to buy a new autumn/winter collection to respond to customers needs and increase her capital.
Siham is working hard to expand her business to make sure she will stay capable of supporting her family in everything they might need.
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