Fatima is applying for her first cycle loan from Kiva's partner, Al Majmoua, in order to buy a van necessary for distributing her products because she is intending to start a wholesale trade.
She is a hardworking woman, with a special trading talent and a remarkable reputation.
Fatima is working on expanding her shop through opening her two business’ shops onto each other and improving the decoration. Her other business is the initial one; she deals in flowers and special occasions decorations.
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