Zahra is well known in the region because of her good reputation and hard work. Today she is applying for her 12th loan cycle from Kiva's partner Al Majmoua, who has been the main supporter in helping her to expand her business and secure its continuity. Zahra's previous loans were used to add new products to her business, the same reason why she is applying now. She will invest it in increasing her merchandise with special spring and summer beverages.
She hopes to keep on supporting her family and developing her business at the same time.
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