Saiideh is working from home. She is applying for her fifth cycle loan in order to buy and register a new car that will help her a lot in going to the market and buying the necessary threads, beads, needles and many other fabrics to expand her business. With half of the loan, Saiideh is going to buy necessary beads, threads, needles and fabrics to improve her business too. She hopes to complete improving her business as much as she can to improve her living. Her previous loans helped her a lot in expanding her working domain which reflected positively on her living.
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