He requested a loan from A. Majmoua in order to do some maintenance work on his van. This van allows him to transport his merchandise to his clients. JamA. has been a microcredit client for six years now and has always repaid on time.
When JamA. first started his business, he passed through some financiA. issues in order to purchase the required tools. He decided on doing his business because he wanted to have independent work, and he had experience in aluminum installation. In the future, he plans to keep on improving 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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