Fatima is a hard worker with a very good reputation in the camp where she lives and works. She is acquiring a loan from Kiva partner, Al Majmoua, to increase her business merchandise with raw materials in order to increase her production before the winter season. She will buy Sumac, Thyme, and olives.
This is Fatima's third cycle as an Al Majmoua borrower. Through her previous loans she was capable of increasing her business capital and responding better to her children's needs. She hopes that in the future she will be capable of diversifying her products and expanding her work zone.
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