With a small plan, I could support my family, and through Microfund for Women’s platforms, I was able to market my business to expand it and help more families in need.
Amal Abd Al Lateef
- > 140,685 active borrowers
- >95.80% of active borrowers are women
- Total amount of loans disbursed is > 25,946,773.
- Repayment rate is >94.46%
- > 30,441 loans
- > 31 international and local awards
- > 63 branches
- > 745 employees
- > 73.15% of employees are women
Zulaifa approached MFW in 2017 to finance her production kitchen as she wanted to start a business to create income and support her husband with their family’s expenses and her children’s education.
She received several Tadamon loans, which she used to purchase the materials and different kitchen appliances and tools needed for her project. At first, her husband opposed the idea but then became her greatest support.
Like most small and home businesses, Zulaifa faced a challenge marketing her products, especially with heavy competition in her area. However, she was able to stand out and succeed, and she is now planning to open a restaurant in the near future.
Describing her experience with MFW, Zulaifa said: “The company was my project’s main supporter, and I had a successful and pleasant experience. I encourage every woman with an idea of a project to approach MFW as the starting point, where she can find different financial and non-financial services that support small businesses.”