His previous loans, that were repaid successfully, helped him improve his store by diversifying his merchandise. Ali has a prime business position with his store being located on the main street. His clients are his friends, neighbors and passerbys. When he started his business he rented the place; now he owns it. Ali decided to pursue his business because of his experience in trading. In the future, he plans on expanding his business and open a restaurant.
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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