Hanaa is a 30-year-old married mother of three children.
Ten years ago, she started selling clothes and lingerie to support her husband in covering the increasing needs and expenses of their family. She is a hard worker and sacrificing mother who is acquiring a loan from Kiva’s field partner Al Majmoua to pay for her children’s school tuition fees.
Hanaa hopes to expand her business more in the future to increase her income and improve her family’s living conditions.
This loan is special because:
More about this loan
About Al Majmoua:
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.