Microfinance True Tales: Turning Mouneh to Moolah

By: Al Majmoua

Bahiya, a mouneh (a method of Lebanese meals preservation) producer, is from Aley, Mount Lebanon. In 2000, Bahiya began stocking mouneh and promoting it to neighbors to contribute to her family bills. 5 years later, her husband stopped working, making her the one supplier of their household of 9, together with his 5 and their two youngsters.

In 2007, Bahiya utilized for a mortgage from Al Majmoua, the place she obtained her first group mortgage of $300. She continued to borrow loans between $600 and $1,000 on a yearly foundation and used the loans to enhance her enterprise, leading to a big progress in her exercise.

She was ultimately in a position to open a mouneh store of her personal and recruited three girls as workers. “I’m very pleased with my achievement and I’m eager on engaging in extra,” Bahiya says. “I’m grateful to Al Majmoua’s assist which has contributed to my success as a businesswoman and helped me present way of life for my household.”