Hassan is special in his work because he is known for his good and tasty mankoucheh. He has requested a loan from Al Majmoua in order to purchase raw materials for his bakery. Hassan has been a microcredit client for five years now and has always paid on time.
Hassan is exceptional in his work because he knows how to treat his clients. His clients are his family members, friends and neighbors. When he first started his business, he didn’t have a lot of cash, as well as not a lot of passersby. He decided to open his business because of his experience; he learned these skills when he was young. In the future, he plans on improving 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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