Randa has been an Al Majmoua borrower for two cycles. Through her previous loan, Randa opened a grocery store for her son in order to help increase her family's income, and it had a very impressive result on both their social & financial situations. She is applying for a new loan from Kiva partner Al Majmoua in order to buy tools and other items necessary for her business in order to increase her merchandise with special souvenirs.
Randa's history is in good standing, and she is working hard to open a small school that is specialized in teaching how to make handmade souvenirs. This is her dream that she hopes to make come true.
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