Mostafa has been working since he was young; he didn’t continue school, but started working when he was very young. He decided on doing his business because he took after his father job. Therefore, he has lots of experience in trading and his clients know him well. He offers good quality products with competitive prices.
Today, for the first time, Mostafa has requested a loan of $1,000 from Al Majmoua, a Kiva partner, to purchase merchandise for the summer collection. He hopes to keep on improving 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