Ali is requesting a loan from Al Majmoua for the first time. In order to improve his business, he will increase the number of computers at his cafe, buying necessary UPS connection, and useful hardware. Ali is planning to expand his business and hopes to open a new branch of his business. He hopes to stay updated and attractive his clients. Many of his clients are friends, relatives and neighbors.
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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