Iman is taking her fifth loan from Kiva's partner, Al Majmoua, in order to increase her business merchandise by adding special summer beverages and ice cream.
Her previous loans helped her a lot in developing her newly-established business, and she proved to be reliable in paying back her loans. She is a borrower in good standing. Iman is working hard, to keep on developing and expanding her business in a greater way, and she is hoping to start wholesale trading 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