Alchaykh Rachid owns an Internet shop. He is special in his work because his clients like coming to his place; he also offers coffee and all type of juices, with candies and biscuits so that his clients enjoy their stay.
Alchaykh Rachid requested a loan from Al Majmoua in order to purchase merchandise for his shop. This is his third loan and he has always repaid on time.
Alchaykh Rachid decided on his business because he wanted to have independent work, as well as his experience, and it was also a business in demand in his region. In the future, he plans on expanding 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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