Jamal is requesting a loan from Al Majmoua, Kiva's partner, in order to buy new updated tools for his business and to complete covering his newly built house's roof. This is Jamal's 12th cycle with Al Majmoua. His previous loans had a great impact on his business, which also improved his social situation. Al Majmoua is proud to deal with such a good standing borrower. He is a hard worker, self confident, and known for the excellent quality of work and the quick service he provides to his customers. Jamal hopes to expand his business and open his own furniture gallery 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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