Her business is going just fine, but it needs an external push to develop it in a well-managed way. For this reason, Nada is acquiring a loan from Kiva partner, Al Majmoua Lebanese Association for Development, to increase her business merchandise with newly-released mobile phone accessories, and prepaid mobile phone cards. She will also use part of the loan to perform necessary maintenance to a small apartment she owns, to set it up for rent as an additional income business that will develop her family's situation.
Nada hopes that, in the future, she can develop and expand her call center services in a well-managed way, to buy another apartment, and to expand her real estate business.
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