Raghda took over her father's business and since that time she is developing it in a well-managed way. She is replying to most of her customers' needs.
Today, she is acquiring a loan from Kiva partner Al Majmoua, to develop her convenience store before the winter season.
With the acquired loan, she will increase her business merchandise with special offer products, install an aluminum and glass display door necessary before the winter, in addition to placing floor tiles to the shop. These are small changes that it is important to do before the winter season.
She hopes that through the future she'll be capable of developing her business easily.
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