Fourteen years ago, she started tailoring clothes and selling them from her house to help her husband in covering their family’s expenses and needs.
Today, Houda is acquiring a loan from Kiva’s field partner Al Majmoua to increase her business merchandise with a special offer newly released collection.
This loan will help Houda increase her production and expand her work which will affect her life positively by increasing her income and saving profits for her children’s 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