Salwa is an ambitious woman who pursues every opportunity in life. Her five previous loan cycles with Kiva’s field partner Al Majmoua are a proof of her determination to succeed. She is asking for a new loan to expand her shop's area through adding more space, and shelves in order to improve her sales by increasing her business capital with more mobile phones, accessories and prepaid cards. In the future she dreams of opening a wholesale store to start supplying small shops like hers with merchandise.
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