Ahmad is requesting a loan from the Kiva partner Al Majmoua to buy new advanced and updated tools and machines to help improve the quality of his work and ability to take on as many projects as he can get. Ahmad hopes that through improving his business he will be able to save some money and build his own house to support a small family such as everyone dreams about. In the future, he also hopes to expand his business and open an electrical supply shop.
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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