Al Asdikaa1 Group
Amal is a 51-year-married mother of five, she works selling used clothes since four years ago, but she established her own business a year ago. Her husband works selling clothes too, but his business is mobile since he moves from one place to another to sell his merchandise.
Amal is acquiring a loan from Kiva’s field partner, Al Majmoua, to increase her current inventory of merchandise with a special summer collection, which will provide her growth and expansion in the future. Amal is the lady sitting in the middle, Najah is at the left side of the picture and Layla is at the right side 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