Hassan is a 22-year-old man who lives in Bint Jbeil, southern Lebanon with his wife and their little baby girl. Hassan has been working for over two years as a builder. He requested a loan from Al Majmoua in order to purchase a van for his work. This van will help him carry his tools and move along faster between his different building sites. This is the first time that Hassan has requested a loan. Hassan is special in his work because he does it well and is committed to his work. His clients are people from his region. When he first started his business, he had difficulty buying the required tools for his work because he didn’t have enough cash. Hassan decided on doing his business because of his experience. In the future, he plans on improving his business.
About Al Majmoua – Lebanese Association for Development
The 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.