Zeinab got her tailoring experience from her mother, who used to be a well-known tailor, when she left school during her intermediate level and went into business life. She started her own business to help her husband increase their income and develop their livelihoods because of his low-income business.
Today she is acquiring a loan from Kiva partner Al Majmoua to buy necessary tailoring tools to develop her business. She is going to buy needles, threads and decorating tools. Zeinab is very optimistic about this loan, and she hopes that, through future requested loans, she'll be capable of reopening a separate tailoring shop outside her house which will attract new customers and provide privacy to her current and future 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