Najla is a hard-worker with an excellent reputation in her area, and she is recommended by all of her customers. She tailors almost all types of wedding and special occasion dresses, in addition to special requests.
She is applying for her third loan from Kiva's partner, Al Majmoua, in order to buy a new tailoring machine that costs $500 and pay for the necessary maintenance for her husband's car, which will cost him $500, and this is the only business he knows how to do.
Najla is a good-standing borrower with a special reputation. She hopes to keep on developing her business and increasing her income.
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