I took around 5 consecutive loans from MFW… Each time my business got better because I managed to purchase the proper resources.
Manal Salman - Na’ur
- > 136,000 active borrowers
- > 96% of active borrowers are women
- Total amount of loans disbursed is > 661,575,358
- Repayment rate is > 98%
- > 1,000,000 loans
- > 31 international and local awards
- > 62 branches
- > 700 employees
- > 68% of employees are women
Wafaa’ didn’t accept that there are fewer job opportunities in the market right now; she started planning her business to open a hair salon that changed her economic status from being a consumer to a service provider.
She added that her business was successful thanks to Microfund for Women’s fund that paved the way for her, improved her confidence as she became someone who provides the service rather than consuming it.
Wafaa’ said that fear almost got the best of her at the beginning of her journey. Still, her resolve, determination, and Microfund for Women’s support had allayed these fears. It gave her the motivation she needed to move forward.
She revealed the positive impact her business had on her financial life, hoping she would grow this salon and open more branches.