Zib is a 45 year old man who lives in Bint Jbeil, southern Lebanon with his wife and their three children. Zib has owned a butcher shop since 1999. When he first started his business, he had some financial issues because of the cost his machines and also had difficulty finding the proper place to open his shop. He decided to open his shop because of his experience as another butcher's employee. Zib is known for his good quality meat. He requested a loan from Al Majmoua in order to purchase meat for his shop. This is his second cycle and he has always paid on time; his previous loan was also to purchase meat. His clients are his friends, neighbors, and people from his region. In the future, he plans on improving his business and always providing his clients with the best meat.
About Al Majmoua – Lebanese Association for Development
The 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.