Dunia is a three cycles loan borrower from Kiva's partner Al Majmoua Lebanese Association for Development. Through her previous loans, she was able to buy the necessary tools and machines she needs to move, expand, and develop her business.
Through this youth loan she has applied for, Dunia will make necessary maintenance and add decorations to her beauty salon, in addition to buying new closets and doors.
Dunia is very excited for this loan because she will be able to make her salon comfortable and attractive, which will pamper her customers in a very special way.
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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