Iman is a hard worker; she replies quickly to her customers' needs, with a remarkable quality of products produced. Iman has been an Al Majmoua borrower for three cycles, with a good standing and paying-back history.
Her previous loans were invested in improving her business capital through increasing her handmade product needs. Today she is using the requested loan for the same purpose, but she will also invest it in buying special accessories and a 'foulard' collection. She hopes to move her business out of her house and open a special souvenir shop 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