He is requesting a loan from Al Majmoua, in order to buy new tools and do the necessary decoration to his shop to attract new customers, as he states. Ali's business is highly requested in his region since most of the citizens can't afford new TVs or electronic machines at any time, so most of them seek to repair what they have before looking to buy new. He hopes to expand his business in the future to achieve a new sector for selling new electronic machines, in addition to doing the maintenance.
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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