As a 20 year old single man, it’s hard to find a more ambitious man than Abbasse. Abbasse opened an accessories and makeup shop which is rare in his area. His shop is very attractive to the girls in his region. Abbasse was very smart in choosing this kind of work since his customers are passing tourists, ladies and teenagers living in or visiting the area. Abbasse's family has given him moral support to pursue this business. He carries accessories, makeup, perfumes, teddy bears and gadgets, which has turned his shop into a kind of a gift shop for targeted customers. This is Abbasse’s first request for a loan from Al Majmoua. He will use it to buy extra products for his shop to keep it up to date with the market. Abbasse hopes one day to wholesale his inventory to cover a wider region.
About Al Majmoua – Lebanese Association for Development
The 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.