Originally from India, Hookah has gained popularity, especially in the Middle East, and is gaining popularity in North America, South America, Europe and Australia since 2001. Imad's business is expanding since the Hookah is expanding a lot in the region. Most of Imad's clients are friends, neighbors, relatives and some passing by.
In addition to Hookah users, there are cafe owners who change their Hookahs continuously. Imad is requesting a loan from Al Majmoua for the second time, in order to increase his Hooka's inventory and to buy necessary household appliances. His previous loan was very efficient and it affected him positively, both socially and economically. He hopes to expand his business through starting a wholesale trade 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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