Angham is a multitasking person; in addition to her store, she also sells used clothes and shoes to increase her income and develop her family's social and financial living.
Today, Angham is applying for a loan from Kiva's partner Al Majmoua in order to buy a car that will help her a lot in her business, especially for visiting wholesale trade markets and buying requested items for her shop. She will also use it for the clothes and shoes business to expand customers and the market for her business, which will expand her working zone and might encourage her to open another branch. Through the requested car, Angham might target rural areas with her products, which will surely increase her income.
She hopes to be capable of developing the used clothes business more, and she is working hard to start a wholesale trade in the future.
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