This is Mouin’s first loan request from Al Majmoua, in order to buy extra tires and lubricant oils as requested by his clients. Mouin finds it hard when clients pass by requesting a certain product that he doesn’t have; he states that this thing may lead his clients to another source, which will have a bad effect on his business. Mouin hopes to own a big station with a professional car wash, oil change, and maintenance department.
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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