H. has been an Al Majmoua borrower for three consecutive cycles. All of his loans were invested in his business as will be the case this time. His loan will increase the number of engines that he has so he can increase his capital and increase his income. His previous loans had a big impact on his business and on his family's social and financial situation. Most of his customers are businessmen and constructors, in addition to people who work hard at having electricity 24/7.
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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