Shawki is exceptional in his work because he is known for his good production. His clients are people from his region. When he first started his business, he had to face competition, since in his region there is a lot of agriculture and livestock, so he had to make himself known to the public.
Shawki decided on this business because of his experience. He requested a loan from Al Majmoua in order to increase his livestock so that he would be able to increase his milk and cheese production and therefore, his income. This is his second loan cycle and he has always paid on time.
In the future, he plans to keep on expanding his work by producing more.
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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