Therefore, he is requesting a second loan from A. Majmoua (knowing that he paid his previous loan on time) in order to purchase tools for his garage. These will allow him to improve his work quality, efficiency and financiA. situation. When Nabiel opened his garage, he decided to set up his business because he likes his work and he also wanted to have independent work. In the future, he plans to further improve his work.
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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