Sobhiya is a hard worker who puts much effort into developing her family's socioeconomic situation. Her acquired loan will be invested in increasing her business merchandise with special ice cream raw materials that she will get at very competitive prices during this season which will increase her income automatically.
She has future plans. Sobhiya plans to buy more freezers and will increase her production to start up an ice cream wholesale trade in nearby villages, It will take a lot of time to start this plan, but Sobhiya is determined to start it.
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