Fatima is a hard worker, well known in her region for the special quality of the goods she sells and the services she provides. At the beginning she had financial problems, which were a major problem that limited her business development. Now she's facing these obstacles in a well managed way, and she hopes to keep on doing so, to improve her family's living, and to develop her business.
She is acquiring a loan from Kiva's partner, Al Majmoua. She will use this loan to increase her business merchandise with newly-released mobile phones and accessories. She hopes that in the future she will develop her business to start electronic money transfer operations, too, which will attract more customers.
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