Bassima has always dreamt of growing her business, so she has requested a loan from Kiva’s field partner Al Majmoua in order to increase her current inventory of raw baking materials, purchases that will enable her to offer better pricing and quality.
In the future, Bassima hopes to diversify her products and purchase the equipment necessary to produce sweets at her bakery, so that she can continue growing her successful business.
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