Jamil, who is a hardworking person, has been a client of Al Majmoua for the past 4 years. When we first met, he was working alone in his business. With the consecutive loans he received from Al Majmoua, he was able to expand his business, buy more machines and employ 3 women to help him with the tailoring.
This time, Jamil needs a loan for an amount of USD 1,000 to buy fabrics, threads and other accessories such as new needles for the sewing machines.
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