Today, Ghada is selling clothes from her house and by visiting other customers' houses to market her merchandise.
The loan applied for with Kiva's partner Al Majmoua will be invested in increasing her merchandise with special summer collection clothing items especially for beach needs and requests.
She is very excited about this loan, and will make sure to invest it properly, hoping that a future loan will be specialized to opening her own clothes-selling shop.
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