Iman is applying for her third loan from Kiva partner Al Majmoua, in order to buy tools and supplies she needs to make her handmade souvenirs and antiques, especially to meet the Christmas and New Year demand. Her previous loans were invested in the same way, and they had a very positive impact on her business and her social situation.
Iman's business is located at her house. She dreams of moving it to other premises in the future, in order to attract more customers, which will be a very important step forward.
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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