Iman is requesting a loan from Kiva partner Al Majmoua in order to increase her business capital by purchasing gift items and summer beverages to offer for sale. She also intends to use some of the profits from her loan funds to continue building her family house.
This is Iman's second cycle as an Al Majmoua borrower. Her previous loan helped her to introduce new products to her business, and this investment helped to increase her income.
Iman works hard on improving and expanding her business so that she can help to provide her family with the best possible standard of living.
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