Ayda is applying for a loan from Kiva's partner, Al Majmoua, in order to pay for her son's wedding expenses. She did the same for his brother, but this time she can't provide the funds directly in cash from her business. That's why she applied for her first loan, and she is happy that she got introduced to Al Majmoua, which made her dream of seeing her son a groom come true. She said that this is the best gift parents can provide to their children, and she hopes to stay in good health to see her grandchildren, too.
Ayda hopes to develop her business more in the future, by making necessary decoration, and by updating the tools and machines she uses in her work.
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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