Ali has 16 years of experience in both business ventures. He is well-known in the region and loved by his friends and neighbors. Ali is requesting his third loan from Al Majmoua to buy a car (Renault Rapid) that is necessary for his business. He will use his car to transport cables and generator parts to maintain his generator. He may also use his car to transport products for his barber shop such as shampoo, hair gel, or chairs.
Ali’s previous loans have helped to improve his family’s situation and he hopes to provide his kids with the best education ever.
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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