Rami requested a loan of $2,000 from A. Majmoua in order to purchase merchandise for his restaurant, do some maintenance, and purchase a car for delivery. Rami has been investing a lot to make his restaurant known by the public. This is the first time that he has requested a loan.
Rami is speciA. in his work because he is known for his hospitality and for his good taste in sandwiches and drinks. His clients are his friends and neighbors. When he first started his business, he had a bad management. He decided on doing his business because of his experience, especially since he learned hotel management. In the future, he plans on improving and expanding his business.
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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Success!! The loan was 100% repaid