Fatima is a very hard-working, responsible woman. She started the business with her own little money after her husband passed away, aiming at improving her household income, which has, in fact, been improving, especially after the two previous loans she had from Kiva's partner, Al Majmoua Lebanese Association for Development, that were invested in developing her business.
Fatima is applying for a loan from Al Majmoua Lebanese Association for Development to invest in working capital and to stock her grocery store to meet customer demand because it’s been growing and she wants to offer her customers a variety of products, especially spring and summer beverages.
Fatima hopes to keep on expanding her business and responding to customers' requests.
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