This is the first time that Marwan has requested a loan from A. Majmoua. He plans to buy an important steel welding machine which now comes in a new version: it’s known as a cold-welding machine, not like the regular one.
Marwan’s clients could be anyone: friends, neighbors, villagers, or friends of friends. His first obstacle was that people didn’t notice the location of his shop as it’s not on the main road: you have to search for it. However, this obstacle does not exist anymore as he’s kind of becoming famous.
Marwan states that he doesn’t have any other job, as he was raised to do this – his father is a car painter. His dream is to own his shop as it’s currently rented.
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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