Fatima is a hardworking woman with a very good reputation in her region because of her long experience in her domain. She is applying for a loan from Kiva's partner Al Majmoua in order to buy necessary fabrics requested for a project she is working on.
This is Fatima's first loan cycle as an Al Majmoua borrower; she hopes that the future loans will be also invested in developing her business more and more.
Her business is located at home to make sure that she is taking care of both her family and business development at the same time.
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