She is applying for a loan from Kiva partner Al Majmoua, in order to increase her business capital through increasing the quantity of meat she sells at her shop to increase her income. At the beginning, Intisar couldn't save anything from her business because she had a start up business loan and a lot of unexpected expenses. Today she is stronger and well known better than before, and is insisting on expanding her business more and more to reply better to the increasing customer 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