Tarek wants to keep on improving his business, especially in the Holy Ramadan month. Most people are fasting and they come to buy goods from his shop – he has to be ready for any request. That is why Tarek has requested a loan from Kiva partner, Al Majmoua. This is his first loan and he hopes it will reflect positively on both his social and financial situation. Tarek's shop is located in a highly populated area, and his competitors are far away from his shop. That is why he is insisting on improving and increasing his merchandise to keep his customers satisfied.
Tarek used to work as a tailor, but he preferred to work with something that is directly to do with everyday living. Tarek hopes to expand his shop and introduce new products to his customers in the near 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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