Abass is requesting a loan for the first time from Al Majmoua in order to start a new business; he wants to open a shop where he can sell all types of painting materials and tools. Abass seeks improvement, he is willing to educate his child with the best education available, and seeks to provide him with the best childhood possible since he didn't live his appropriately. Abass is a person with good manners, he works hard to prove his abilities and he translates his dreams into practical reality.
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