Al Majmoua is thrilled to embrace the Client Protection Pathway officially launched by SPTF, SPTaskForce and CeriseSPM to promote responsible finance and help FSPs implement client protection practices.
Al Majmoua won the "Conflict Prevention and Peace in Lebanon" award for the year 2020, which was presented jointly by Fondation de France and Fondation Ghazal.
Al Majmoua was honored for its outstanding work in support of small and medium enterprises affected by the Beirut Port explosion and also for its achievements in the past years in providing financial and non-financial services to SMEs across Lebanon in a comprehensive manner.
With the support of IFC, Al Majmoua is proud to announce earning the SMART CERTIFICATION by adopting its policies and procedures for protecting borrowers showing once again its commitment towards providing a distinguished service to borrowers and treating them with fairness and respect.
The Smart Campaign, an international microfinance advocacy initiative launched in October 2009, seeks to unite microfinance providers worldwide to ensure that microfinance clients are treated fairly and responsibly and do not become over-indebted. The Campaign’s mission is to promote six pro-consumer principles which include avoidance of over-indebtedness, transparent pricing, appropriate collections practices, ethical staff behavior, mechanisms for redress of grievances and privacy of client data.
Al Majmoua carried out a training for UNFPA beneficiaries mainly adolescent girls and women on topics such as saving, debt management, and budgeting financial management with the aim of raising awareness and build capacity of beneficiaries on these issues.
Al Majmoua also delivered the Making of a Champion program which is a program specifically designed to help youth develop even more of their potential for success and their leadership skills. It is designed to lead them towards setting and achieving goals which is crucial for them to best assist beneficiaries in the community
At the end of the project, 78 girls were strengthened through financial education courses and 60 girls were productive through their work.
Under the frame of the Leadership Management International licensee, Al-Majmoua participated in the international convention in South Carolina where Al-Majmoua was awarded with 6 Awards including "Worldwide Productivity" and "Best Rookies Licensee".
Al Majmoua received the the "Women’s World Banking Excellence in Leadership" award which recognizes Al Majmoua’s commitment to promoting gender diversity among the organization’s staff, leadership and governance alongside its mission to serve low-income women.
