Guilda began selling clothes two years ago; she sells children's wear and accessories. She started the business to help her husband by increasing the family income to cover their expenses. This is Guilda’s first experience requesting a loan from Al Majmoua. She is preparing to for the holy month of Ramadan celebration, when all kids have to wear new clothes and celebrate the month.
Guilda hopes to expand her business more and more and to introduce women's and men's clothes to her shop as well.
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