Mouhamad is requesting a loan from Al Majmoua in order to buy more products to improve his business and to increase his capital. His clients are tourists, friends and relatives.
It’s not the first time that Mouhamad requests a loan from Al Majmoua. He has a good payback history and he stated that the previous loan had a very good impact. He hopes to expand his business and to increase his capital, in addition to buying a store to settle down.
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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