Fatima is applying for a youth loan from Kiva partner Al Majmoua in order to buy a car, which will help her expand her working area. At present, she works from home, but with this investment she is planning to provide her services to customers in nearby villages by visiting them in their own homes. This is an additional customer service that most of her customers would like to have.
As Fatima also sells beauty cosmetics and accessories, buying and selling these products will also be easier once she acquires a vehicle.
Fatima is planning to expand her business more in the future, and hopes eventually to open a beauty salon that will include a cosmetics and accessories shop.
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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