He is requesting a loan from A. Majmoua in order to do some necessary car maintenance and to pay for his daughter's wedding. This would be his fourth loan, and he reports that the previous loans he obtained were very helpful. In particular, he notes that the prior loans allowed him to fix his car and to thereby improve his family's standard of living. In the future, he hopes to buy a new car and to open his own transportation company.
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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