Jamal is an Al Majmoua-Kiva partner for the first time. He has requested a loan in order to buy extra materials and tools needed to build an extra room for a project he is working on. It's hard to save extra money these days, that's why Jamal finds requesting a loan to do unfinished business is a blessing.
Jamal hopes to expand his business more and more in the future to cover his family's expenses and to make sure all their needs are met in a very satisfactory way.
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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Success!! The loan was 100% repaid