Nisrine works hard to improve her business. She previously requested a loan form Al Majmoua, Kiva's partner, in order to buy new machines, tools and products for her business. This is Nisrine's third cycle as a Al Majmoua borrower. Her previous loans were a perfect investment. This time the loan is to be used for her wedding needs and preparations and to pay for her wedding organizer. She hopes to expand her beauty salon more and more in the future, by opening a special treatment sector dealing with all facial and special skin medications.
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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