Mohamad is happy with his work and proud of the service quality that he provides. When he first started his business, he had difficulty making himself known. Once his customers were satisfied, however, they started telling each other about him and this allowed him to increase his number of clients. In the future, he is hoping to further expand his business.
He is requesting a loan from Al Majmoua, a Kiva partner, to buy tools and electrical wires to help grow his business. This is the first time that he has requested a loan.
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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