Today, Fatat is acquiring a loan from Kiva partner, Al Majmoua, to increase her business merchandise with special spring and summer collections to provide her customers with a wide variety of products upon their request.
She hopes to keep on developing her business through diversifying her products and moving to a larger place in the future, as she is already working on expanding into the shoes sector.
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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This loan has been fully funded!