In addition to sandwiches, Mohamad attracts people to his restaurant through “Arguileh”, a type of hookah or waterpipe, which is a single or multi-stemmed (often glass-based) instrument for smoking tobacco in which the smoke is cooled and filtered by passing through water. Originally from India, hookah has gained popularity around the world.
This is Mohamad’s second time requesting a loan from Al Majmoua and he has demonstrated responsibility and kindness. A constant flow of customers visit his restaurant and business picks up at breakfast time, lunchtime and dinnertime. With the loan Mohamad hopes to receive, he will buy extra tables and chairs in addition to primary material for “Ramadan” the Holy month, since work becomes very active at this time. At the moment, his restaurant is well equipped with the basic necessities. He would like to use the money from this loan in a positive progressive way.
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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