Amani has been preparing and selling special perfume scents in addition to selling cosmetics and purses for 7 years. She used to work as a hairdresser before. In 2013, she established her current business to improve her living conditions. She needs to develop her business as much as she can to make sure that it will provide a good income that's enough to cover her family's increasing needs.
Today Amani is acquiring a youth loan from Kiva's partner Al Majmoua in order to increase her business merchandise with a special release perfume collection. There are special offer prices before the coming spring and summer season – especially before Mother's Day, which is celebrated on the 21st of March in Lebanon.
Amani is planning to open a beauty salon in the future that will include her current business and other beauty services that complete each other.
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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