Narguileh is enjoyed in cafes across the Middle East and is beginning to gain popularity in the US, Europe and other countries. Oumran is special in his work because he knows how to treat his customers. His clients are his friends, neighbors and tourists. He requested a loan from Al Majmoua in order to purchase 'narguileh' and coal for his work. This is the first time that Oumran has requested a loan.
When Oumran first started his business, he didn’t face difficulties. He decided on doing his business because he wanted to have an independent work. In the future, he plans on expanding 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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Success!! The loan was 100% repaid