Chirine used to work as a teacher, but when she gave birth to her newborn baby few months ago, she stopped working to take care of her precious children.
She thought of starting her own business to make sure that she can still support her husband and improve their living. She opened a convenience store at the same building she is living in, which is very suitable to take care of both her family's needs and business development.
Chirine is acquiring a youth loan from Kiva partner Al Majmoua to increase her business merchandise with special offer products that will attract new customers and increase her selling and income.
Chirine is working hard to keep on developing and expanding her business in a well managed way.
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