They have two children in a private school and two other children in a public school, which means they also have schooling expenses to settle on top of all the other expenses. Sending her children to school is very important for Sanaa because she wants them to have the opportunities that she unfortunately could not get, since the highest education she ever got was an elementary school degree. Thus, improving her socioeconomic situation would help her keep her children in school without it being a heavy burden on the family's shoulders.
This is why she decided to contact Al Majmoua and acquire a loan. In fact, she needs to buy a new slicer machine that would facilitate the work in her bakery. She also needs to install a new balustrade in her house. In the future, Sanaa wishes to expand her business.
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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