Badrieh has been a client of Al Majmoua for a year. She has paid on schedule. She has owner her shop for three years. Her clients are her friends and neighbors. Having her shop taught her to be more patient. Her family is growing, which means that their demands and needs are also increasing; that is why she made the decision to work and open her shop.
Three years ago, when she decided to open her shop, she had the capital to start her business, but now that her family is bigger, she needs some assets to be able to pay her children's school fees. In the future, she plans to expand her business by renting a bigger shop.
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