Fatima specializes in Mouneh production, that is, preparing foods to be stored for seasons when they are not available. The quality of her products assures loyalty from her customers and increases in requests.
Fatima is requesting a loan from Kiva partner, Al Majmoua, to buy tools to make her business easier. She will also use part of the loan to help her husband cover their family's requests, through paying her children’s tuition fees.
This is her first experience as an Al Majmoua borrower. She hopes that future loans will be invested in expanding production in her business and opening a wide factory with a big retail shop.
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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