In 2011, Mariam opened a convenience store, which was a very important step in improving her business. She sells sweets, candies, conserves, soft drinks, and chips, as well as her homemade Mouneh.
Today Mariam is applying for her first loan from Kiva partner Al Majmoua in order to expand her selection of offerings with special cereals.
She hopes to continue to expand her business to better meet her customers' needs.
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