Ali has owned a coffee shop for a year, where he offers games such as billiards, bagman, card games, and lots more. He is successful in his work because he does his best to improve his income and is known for his good reputation and the welcome he gives to his customers. His customers are friends, neighbors and others from the region. Ali decided on this line of work because of his experience. He is an active man who does his best to improve his work and increase his income. He has also owned a clothing shop for two years.
Ali requested a loan from Kiva partner, Al Majmoua, in order to alter the décor of his coffee shop – he wants to repaint the walls and make his shop look more attractive. This is his second loan cycle and he has always made his payments on time. His previous loan helped him open his coffee shop and improve his clothing shop by expanding his merchandise.
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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