She is well-known in her work because she offers good quality and very tasty products. She always tries new recipes and health products to sell. Her clients are people from her region. When she first started her business, she didn’t have enough cash. Wafa decided to start her business because she wanted to supplement her family’s income, especially since she has a big family and she wants to offer them the best she can.
She requested a loan from the Kiva field partner, Al Majmoua, in order to purchase merchandise and raw materials for her business. This is her third loan cycle and she has always paid on time. She plans to keep on improving her business as well as her financial situation.
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