Hamidi is a hard-working woman who puts a lot of effort into developing and improving her family's living. She applied for a loan from Kiva's partner Al Majmoua, in order to purchase extra flour at competitive prices.
This is her fourth cycle as an Al Majmoua borrower with good standing in her paying-back history. Hamidi is well-known in her region for the specially baked traditional breakfast bread 'Manakish' and bread with special toppings applied over it.
Hamidi hopes to buy an automatic oven that will increase her production and her income 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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