Marwan decided on this business because he wanted to improve his financial situation. When he first started, he had to face the competition. Thanks to his previous loans, Marwan was able to open his bakery and did improve his financial situation. This is his third cycle and he has always paid on time. Marwan is requesting a loan of $1000 US from Al Majmoua in order to purchase baking supplies like flour and oil. In the future, he plans on improving his bakery.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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