Sossi is applying for her tenth cycle loan from Kiva's partner, Al Majmoua, in order to pay for her son's university fees.
Her previous loans helped a lot in expanding and widening her business, through adding newly-developed machines that are capable of responding to almost all of her customers' needs. Her husband helps her with part of her business, but Sossi handles most business issues. She hopes that she stays capable of providing her children with the things they need.
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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