Rabih does not store large numbers of spare parts. Therefore, he has been planning to purchase a large number of spare car parts to provide a more convenient service to his customers. Rabih has been a micro-credit client for the past five years. He has always repaid his previous loans on time which allows him to continually improve his work by either purchasing new and more sophisticated tools, or by purchasing spare parts. For the future, he plans to keep on improving his work, as well as his financial situation.
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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