Tamam has a special relationship with her customers and works hard to keep it and improve it more and more. She is applying for her sixth loan from Kiva partner Al Majmoua in order to start a new business to increase and improve her income to make sure that she will have a stable financial situation especially that she is aging with no one to support her financially.
She will start selling clothes and she hopes that the styles she is going to sell will attract customer's attention. She is a good standing borrower with an excellent history of paying back her loans. Her previous loans helped her a lot in increasing her business capital. Tamam hopes to expand her business to a mini market.
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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