Salam is acquiring a Youth loan from Kiva's partner, Al Majmoua, to increase her business merchandise with special released Christmas and winter new collection, which will attract customers' attention and increase her sales. She will also use part of the loan to pay for driving courses and license, which will help her a lot in searching for many other wholesale sources where she can find the best prices. That will help her in increasing her income and replying to customers' needs.
She is working hard to keep on developing her business in a well managed way.
Salam will make sure that in the future, she will work on expanding her shop and keep on diversifying her products to satisfy her customers.
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