Rita is applying for a loan from Kiva partner, Al Majmoua, to increase her business merchandise with special Christmas and New Year's newly released cosmetics and accessories that will attract customers' attention and increase her income.
She hopes that in the future she might be capable of establishing her own beauty salon and diversifying her products, in addition to increasing the services she provides to make sure that her customers are happy and satisfied.
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