Mayada is a hard worker and a very talented person in her field, with a good number of loyal customers. Her husband has a low income business, and her family’s needs are increasing, which is why she’s encouraged to acquire a YOUTH loan from Kiva’s partner Al Majmoua to start a new business which will provide her family with and additional income. She will open a shop where she will start selling charcoal that’s highly requested for hookah businesses, and she will ask her husband to manage this business because she finds herself among beautiful ladies and surrounded with beauty all the time.
She also sells lady’s dresses for special events, and hopes that one day she will open a special events dressing shop either separated from her beauty salon or she will move to a wider place where both businesses will have enough space to facilitate customers’ needs.
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