This is the second time Mohamad Hassan has requested a loan from Al Majmoua, and this time it's for buying a Rapid, a useful car for his business, that will help him in transporting all his tools in a short time, which will make his business more successful.
His clients are from his village and from nearby villages. At the beginning Mohamad Hassan faced financial problems that changed with Al Majmoua's help, and he's sure that this loan will bring him a lot of the success he's seeking.
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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Success!! The loan was 100% repaid