Jan Kloud is requesting a loan from Al Majmoua for the second time in order to add new products to his business. He wants to start selling toys, gifts and gadgets. Jan Kloud believes that being hardworking helps in secure living, and that everyone must add something new to their business to attract new clients. Jan Kloud is a good standing borrower; he is welcome at anytime to request a loan from Al Majmoua, as most of his clients speak highly about his good manners. He hopes to develop his business more by adding new products.
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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