Elie requested a loan from A. Majmoua in order to buy speciA. agriculturA. equipment important in his business. Elie has two years of micro-credit experience and he believes it was a successful experience. Elie had some financiA. problems at the beginning of his project, but he overcame them through micro-credits.
Elie’s customers are farmers and neighbors from all over the area. He hopes to expand in the future through selling large agriculturA. equipment.
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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