He is well known in the region because of his good reputation and honesty. Jalal is requesting a loan for the fifth time from Al Majmoua, in order to buy Iron Pillars (scaffolding) necessary for his business since he needs them to climb up high places to do his work. He is a borrower in good standing and he knows how to improve himself by improving his business.
Jalal is committed to his word and that's what differentiates him from most people working in construction, since most of them give false promises, Jalal is reliable says most of his clients. He hopes to expand his business and own his own construction company 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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Success!! The loan was 100% repaid