Ghazi is proud of his experience and strong reputation in his work. He notes that it has been a challenge to secure financing for his business. Today, for the third time, Ghazi has requested a loan from Kiva partner, Al Majmoua, to purchase a spot welder for his work. His previous loans allowed him to continually improve his business by either purchasing better tools for his work, or simply by purchasing more iron for his business. In the future, he hopes to keep on improving and expanding 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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