She used to work in a clothing factory, until she decided to increase her income and develop her own business. She opened her shop where she sells bed covers and sheets. She has been managing it well ever since she opened it. Faten is well known in her region. She is very talented in her business and makes sure to buy low-priced products of an excellent quality. This helps her keep her customers happy and encourages them to stay loyal.
Today, Faten is acquiring a loan from Kiva's field partner Al Majmoua to increase the amount of merchandise by purchasing a special collection that will attract more customers and increase her sales. She is working hard to move her shop to another place next to the main road so she can attract more customers.
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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