He requested a loan from Al Majmoua in order to purchase merchandise for his store to increase his stock. This is his third loan and he has always paid on time. His previous loans helped him to diversify his merchandise.
Abdel Kathem is special in his work because he knows how to treat his clients and is welcoming. His clients are people from his region. When he first started his business, he has some financial issues to purchase all the needed merchandise. He decided on doing his business because of his experience in trading. In the future, he plans 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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