Ali's shop is well known in the region; most of his customers are friends, neighbors and relatives. His work improves a lot during the summer season, while during winter, most of his customers are busy with their education and might come only during their weekends or when they have to do a certain project.
Ali is requesting a loan from Al Majmoua in order to increase his number of computers, which will increase his income. He will also continue building his sweet home, and he hopes to make it the way he imagined with his wife.
Ali is experiencing Al Majmoua's loan for the first time, and he hopes it will be with a positive impact.
He is planning to expand his business through opening another branch 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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Success!! The loan was 100% repaid