Chadi requested a loan from Al Majmoua in order to purchase a new wood machine for his work. Chadi has been a micro-credit client for ten years now and has always paid on time.
Chadi is unique in his work because he knows how to treat his clients and always does a good job. His clients are his friends, neighbors and referrals. When he first started his business, he had difficulty building networking with clients and had some financial issues. Chadi originally decided to start this business because he wanted to have independent work. In the future, he plans to expand his business, and he also wants to open a grocery store.
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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