She is applying for a loan from Kiva partner, Al Majmoua, to increase her business merchandise with special summer cold beverages. This loan will improve her business a lot, especially during the holy month of Ramadan, since all the people who fast during the day will request cold beverages and drinks at night.
Nada is working hard to help her husband in developing their convenience store business, expanding their working zone, and diversifying their products to maintain an increase in income.
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