Siham is a 35-year-old woman who lives in Bint Jbeil, southern Lebanon with her husband and their three children. Siham has been producing olive oil for 15 years. She requested a loan from Al Majmoua in order to purchase olives for her work and save money for her children's school tuition. This is the first time that Siham has requested a loan. Siham is special in her work because she does her best to produce the best quality of olive oil. Her clients are people from her region. When she first started her business, she had some financial issues and couldn’t produce as much as she does today. Siham decided on doing her business because she took over her family’s business. In the future, she plans to keep on expanding her work by producing more.
About Al Majmoua – Lebanese Association for Development
The 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.