Houayda is a 41 year old woman who lives with her husband in Beirut, the capital of Lebanon. Houayda owns a clothing shop. She is requesting a loan of $1500 from Al Majmoua in order to purchase a computer for her shop. This is the first time that Houayda has requested a loan.
Houayada is special in her work because she knows how to treat her clients and her shop is well positioned. Her clients are people from her region. In the future, she plans on expanding her shop by selling accessories.
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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