A loan of $1,500 helps Nagham to develop her own beauty business through purchasing special spring and summer beauty cosmetics.
For a 22-year-old single lady, developing your own business is the best thing to be done in early age, so that you can manage developing it properly. Nagham works as a beauty specialist in a beauty salon with a limited monthly salary, for three years. To develop her living she is establishing her own beauty services business to develop her career and increase her income.
Through the Youth loan she is requesting from Al Majmoua, Nagham will make sure to develop her own beauty business through purchasing special spring and summer beauty cosmetics such as colorful nail polish. She hopes to succeed in her work and reply to customers needs.
Additional Information
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 Development
The 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.