Al Malak Group
Faten is a 46-year-old married mother of one child. She has been working by preparing and selling handmade souvenirs since four years ago. Faten is very talented in her domain and well-known in her region. She is applying for a loan from Kiva’s partner Al Majmoua to buy necessary handmade-souvenir needs such as threads, beads and many other new-release items. She will also use part of the loan to change her living room curtains to keep in a good situation since she expects most of her customers at home.
Faten is a hard worker; she also owns a small convenience store, which is necessary to have and manage well since it provides her family with a daily income.
As for the other borrowers, Ola is the one standing at the left wearing purple and Oussama is the one standing in the middle.
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.
This is a Group Loan
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Success!! The loan was 100% repaid