Mohamad is an Al Majmoua borrower. This is his second cycle. His previous loan was requested for improving his business just like this one. Through this loan, Mohamad is going to buy extra cereal, detergent and preserved food.
Most of his customers are friends and neighbors, they support him a lot through being his loyal customers, at the same time he provides them with the best customer service.
He intends to expand his business more and more in the future, through adding new products to attract more customers.
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