Khaled manufactures the stone used in construction, and this field is widening these days. This is Khaled's seventh loan with A. Majmoua-Kiva partner. All of his previous loans helped a lot in improving his business and he hopes this one will have the same effect. His loan will help in buying necessary materials for his business.
Khaled cares a lot about his family's standard of living and he seeks the best for them. He hopes to expand his business more and more 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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