Mahmoud is planning to get ready for the autumn/winter collection because he states that this time is the perfect time to get what you want at the best price. That's why he requested a loan from Al Majmoua-Kiva partner, in order to buy them. It is his first time to deal with Al Majmoua. He hopes that this experience will have a positive effect on his business and social life, so he can provide his child with the best education and his family with healthy living. Mahmoud plans to change his van to a bigger one in the future, so he can increase his merchandise.
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