Ghada is applying for a loan from Kiva’s partner Al Majmoua in order to start a new business. She will start selling car spare parts as an additional income business. Such a business is specialized for men in Lebanon, but she is intending to take the challenge.
Ghada is enjoying her work, she puts so much effort to develop it and increase her income. She hopes to open a wide spare parts shop in the future and expand her products capital.
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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