Today, Khalil is requesting a loan to add a water supply to his processing plant. This is his third loan and he has always paid on time. His is planning to improve his business and expand his inventory, which he hopes will help him improve his financial situation.
Khalil is special in his work because he does it well and is known for his good production. His clients are his friends and neighbors. When he first started his business, he didn’t face any difficulties. He decided to start his business because he wanted to work independently and has experience in the field.
In the future, he plans to expand 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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Success!! The loan was 100% repaid