Mohamad says that his experience in trading is why he decided on doing his job. When he first started, he encountered some financial issues and couldn't diversify his merchandise. Today, for the first time, he is asking for a loan to change his van, as he wants to have a bigger and better one for his work. He hopes that it will allow him to improve his financial situation. He hopes in the future, to improve his work.
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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