Marin is requesting a loan for the first time from A. Majmoua (a Kiva Partner) in order to buy fertilizer and do maintenance on his tractor, which are necessary means to support his main source of earning a living.
Marin had financiA. problems when he first started his business, but ambition and hard work has helped a lot in overcoming such obstacles. What helped him most is that he owns the land which he's farming. Marin hopes to improve his business through expanding his crop production's variety, quality and quantity.
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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