Safiyeh said that her previous loan has influenced her life in a good way. She is special in her work because she is the only big shop in her area, and she also opens early in the morning till midnight every day. She makes 400 US dollars per month. Her clients are her friends and neighbors. She started her business because of the difficult living conditions in the camp, as well as the lack of money. In the future, she plans to expand her business by opening 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