His clients are his family members, friends, neighbors and others. Yassine is exceptionA. because he does good work and offers quality hair products to his clients.
He requested a loan from A. Majmoua in order to purchase tools for his work and to change the décor of his shop. This is his third loan cycle and he has always paid on time. In the future, Yassine plans to improve his business by purchasing more sophisticated tools.
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