Her business is going on just fine, with the support of her customers and with her good quality of products that encourages customers to support her. Safaa is a hardworking mother, who has sacrificed her life for the sake of her children.
She is applying for a loan from Kiva partner Al Majmoua for the first time, to buy necessary raw materials for her business, such as flour and oil, at very good prices. She might also buy living room furniture for her house, because she really needs it.
Safaa is hoping to expand her business more and to open a special bakery in the future.
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