Ahmad's previous loans helped him start a new business selling scrap metal. This second business is a way to improve his income. Ahmad is an active man who does his best to improve his family's financial situation, and he even said that if he had more time, he would consider starting a third job.
Ahmad is special in his work, because his clients feel comfortable coming to his shop and enjoying a nice coffee or drink with their narguileh. His clients are his friends, neighbors, passersby, and people from his region. When he first started his business, he had difficulty purchasing all the necessary merchandise for his shop. He decided on doing his business, because he wanted to have independent work. In the future, he plans to continue 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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