Wassila requested a loan from Al Majmoua in order to purchase merchandise for her store. Wassila has been a microcredit client for 13 years now and has always repaid on time. Her previous loans helped improve her store by diversifying her merchandise and answering more of her clients’ needs. Wassila is very trustworthy and is doing what she does to improve her financial situation and provide the best for her children. In the future, she plans to keep on improving her 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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