She has been working as a tailor from her house for 26 years. She has specially acquired talents, since she had to quit school during the intermediate level to start a tailoring business to support her parents in their living.
Today, Randa is acquiring a loan from Kiva's field partner Al Majmoua, to buy newly released updated tailoring machines necessary for developing her business and quality provided to customers.
She is very anxious about this loan, since it is her second experience with Al Majmoua. Through her previous loan, she was capable of renewing some of her machines. She puts so much effort on increasing her profits through buying new released machines when she can afford their set prices.
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