Hanady is applying for a loan from Kiva's partner, Al Majmoua, in order to increase her business merchandise by adding a special, just-released spring and summer collection. This loan will develop her business more and help her to increase her business capital. It will also increase product diversity, which will attract customers' attention and increase her income.
Hanady is well-known in the region, with her good reputation and the good quality of the products she offers. She hopes to keep on expanding her business, to attract more customers in the future.
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