Souheir is a hard-working woman, who puts in a lot of effort to support her husband in making a living and increasing their income. She is applying for a loan from Kiva's partner Al Majmoua in order to increase her inventory with special spring and newly-released summer clothing collections. This will be her first loan cycle, and she hopes that her future relationship with Al Majmoua will help her invest in her business and develop it in a very good way.
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