Layla is requesting her fifth loan. She will use her loan funds to enhance her business merchandise with special-offer products, and to diversify her products in order to satisfy the requirements of her customers, thus increasing her income.
Her previous loans helped her a great deal in expanding her inventory, allowing her to add several new products. She is investing much hope in this current loan, and is hopeful that it will fulfill her customers' needs.
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