Ali is requesting a loan for the first time from Kiva partner, Al Majmoua, in order to buy an electric saw for his business and renew his license to cut trees. Ali is a hard worker who seeks the best for his family by working more than one job. When he first set up in business, he had problems making contacts and expanding his business. Now he is well known, and most of his customers recommend him. He hopes to expand his business more and more in the future.
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