Mohamad has been working as an electrician since 1999. When he first started his business, he had to face the competition especially because he wasn’t really known in his region. Mohamad is special in his work because he is trustworthy and is known for his good work.
He has requested a loan from Al Majmoua in order to purchase electrical wires for his work. This is the first time that Mohamad has requested a loan.
His clients are his friends, neighbors and people from his region. In the future, he plans on expanding his business by working in surrounding villages.
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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