Haidar decided on doing his business because he likes painting and decorating, and is good at it. He is special in his work because he does it well and is aware of new painting and decoration fashions; he does his best to have the newest tools in order to improve his performance. He requested a loan from Al Majmoua in order to purchase paint and painting tools for his work.
This is the first time that Haidar has requested a loan. His clients are people from his region. In the future, he plans on improving his business. (To have an idea of his work, you can simply look at the frame behind him; he is the one who realized it.)
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