Women throughout the village know Fatima for her work, and much of her business comes from friends and relatives who pass on the word about her stylish jewelery products to others. She is member of a solidarity lending group called "Al Araada," which in Arabic means "The Will."
Indeed Fatima has a very strong will, and she is determined to succeed in her business. In order to purchase new materials which will help her diversify the jewelery she makes, Fatima has requested a loan of US$ 300. Fatima is confident that this capital will enable her to expand her business, and she will repay her loan over a period of four months. This is the first loan Fatima has requested from Al Majmoua.
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