Fadi is a 26 year-old man who lives in Bint Jbeil, southern Lebanon. Fadi has been working in agriculture for eight years -- a field that he has been familiar with all his life. He owns livestock and also plants fruits and vegetables. He is known for the good quality of his goods. His clients are people from his region. When he first started his business, he had to face competition and make himself known to the public since there is a lot of agriculture and livestock production in his region. Fadi requests a loan from A. Majmoua in order to increase his livestock. By doing so, he will be able to increase production and therefore his income. This is the first time he has requested a loan. In the future, he plans to keep on expanding his business.
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.