She works in making and preparing Mouneh (traditional way of conserving nonseasonal food). She also works as a detergents selling company representative to increase her income and expand her working area.
Majida is applying for a loan from Kiva's partner Al Majmoua, in order to buy necessary products to prepare for her high season business, such as vine leaves, Labneh, and a lot of traditional conserved food, in parallel with home made jam.
This is Majida's first cycle as Al Majmoua borrower, she hopes that the future relationship with Al Majmoua will be invested in expanding her working zone more and more.
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