Since 2000, Fatmeh has owned a sweet (dessert) shop. She produces cakes, Lebanese pastries and also does chocolate fabric and design. She does petit fours, cakes, sells ice cream, and more.
Fatmeh opened her shop after she saw that it was needed in her region. Since she has opened, she still doesn't face competition, since she is still the only sweet shop in her region. Her clients are people from her region. She decided on doing her business because she has experience in this domain, and also because she wanted to have independent work that will help her supplement her family's income.
Today, for the first time, Fatmeh is requesting a loan of $1,500 from Al Majmoua, a Kiva partner, to purchase a freezer for her ice cream. For the future, she hopes to keep on improving and expanding her work, and she plans on producing her own ice cream.
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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