Majida is a hard worker and a smart business woman. She puts so much effort into increasing her business capital to increase her income, because she is sure that this will reflect positively on her family's social and financial living.
Majida is a loyal Al Majmoua borrower. This is her 24th cycle, and she is very happy with this relationship. She assures that all of the previous loans helped a lot in expanding, increasing and improving her business and social living.
Through this loan, she will increase her perfume inventory with special newly released spring/summer perfumes. She will also help her son with part of the loan to buy a fishing boat to improve his living.
In addition to selling perfumes, Majida is also working at selling used furniture, and she is working hard to develop her own used furniture gallery.
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