Mohamad is a hardworking man; he uses fishing webs in order to get as much fish as he can in less time. He believes that this way of fishing is more kind to fish than other ways.
Mohamad has been an A. Majmoua borrower for seven consecutive loan cycles. All his previous loans had a very good impact on his business, and at the same time, he is a borrower in good standing.
Through his previous loans and business improvement, he was capable of buying his own boat, which helped a lot in increasing his income and improving his sociA. and financiA. situation.
Through this loan, Mohamad will be capable of buying necessary tools for his business and paying for an urgent surgery for his mother.
Mohamad is a man with a very good reputation; he is liked by most of his relatives and friends. He hopes to buy a bigger boat in the future, and to increase the number of boats he has.
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