Bilal has requested a loan from Al Majmoua to redecorate his business to make it more modern and attract more clients. This is the first time that Bilal has requested a loan. His business is favored because it is well located and he does his best to meet his clients’ demands and offer them the best. His clients are his friends, neighbors and tourists.
When he first started his business, he didn't have many clients because he was not well known, but he knew how to enlarge his network. He decided to start his business because he used to work as a waiter and gained experience from his previous jobs. In the future, he plans to improve 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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