Six years ago she started selling clothes and candies from her house. Today she's still working from her house because she can't afford the expenses of opening a separate shop.
Fatima is acquiring a YOUTH loan from Kiva partner Al Majmoua, to increase her clothes capital with new autumn and winter collection and to start selling household appliances and accessories.
She is very excited for this loan which will diversify her products and increase her income and develop her business. She hopes that one day she'll be financially capable of supporting her family more and move to a separate multipurpose selling shop outside the camp.
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