Zahra is a 59-year-old divorced mother of one child and is a Palestinian refugee. Twenty five years ago, she started working as a hairdresser to cover her family’s needs and expenses. Zahra is a sacrificing mother who is trying hard for the sake of her child.
Today she is acquiring a loan from Kiva’s field partner Al Majmoua to pay for her child’s necessary medical treatment expenses. She hopes to stay capable of providing her child with decent and better living conditions.
This loan is special because:
More about this loan
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.