Mirvat is requesting a loan from Kiva partner Al Majmoua, to increase her business merchandise with special threads and textiles, to respond (as much as she can) to the increasing customer requests for the upcoming Christmas celebrations. She hopes that in the future she can open a factory where, in addition to tailoring clothes, she can develop the curtains sector. She is already doing some of this but needs more updated machines to develop this properly.
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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