Maryam is applying for a loan from Kiva's partner Al Majmoua, in order to increase her business merchandise with special summer beverages, that will be sure to increase her income and develop her livelihood.
Maryam will also help with her daughter's livelihood. Most of her customers are relatives, friends and neighbours. Maryam is well known in her region and supported by her customers because she is living for her children's needs.
She hopes to open another branch in the future and increase her income.
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