Abdallah buys used appliances and takes them apart to sell each part alone, which people find attractive since most of the time these parts are needed but can't be found easily anywhere.
Abdallah is a man with a good reputation; he is well known in his region and recommended by most of his customers.
Abdallah is working hard on expanding his business and to buy a small plot of land where he can build his dream house for his family to enjoy living in a healthy environment. He is requesting a loan from Al Mjamoua, a Kiva partner, in order to increase his inventory of used spare parts, which will definitely increase his income and improve his living conditions.
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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