El Amana Group
Seven months ago, Najla established a convenience store, where she sells food products, home goods and special tasty espresso coffee, which is highly recommended in her region.
She got together with the other group members to hold each others hands and support each other through the loan process because they have always been special neighbours and friends. They acquired the loan from Kiva's field partner Al Majmoua.
Najla's loan will be invested in special-offer spring and summer beverages to develop her business and increase her capital. As for the other group members, Fayza is the first from the left, in the blue top, and Riman is in the center of the picture.
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.
This is a Group Loan
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Success!! The loan was 100% repaid