Her business is going just fine, but she needs external additional support to increase her business capital. For this reason, Fatima is acquiring a loan from Kiva's field partner Al Majmoua to increase her business merchandise with a specially released summer collection, especially before the Holy month of Ramadan celebrations.
Fatima is working hard to open a wider shoe exhibition to attract more customers and increase her selling and develop her family's living.
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