Haisam has owned a hairdressing salon for almost two years now. He also does makeup, tattoos and hair removal, and sells beauty products. He is special in his work because he knows how to treat his customers and his clients feel comfortable going to his salon since he offers a lot of services. But most importantly, he is good in his work and is aware of the new hairstyle fashions.
When Haisam first started his business, he didn’t face difficulties, especially since he already had faithful customers from his previous job. He decided on doing his business because he wanted to have independent work. His clients are his friends, neighbors and tourists.
Haisam has requested a loan from Al Majmoua in order to purchase beauty products and to make some décor changes. This is the first time that he has requested a loan. 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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