Working hard on improving his business, Hussein has requested a loan from Al Majmoua in order to buy a grill and a freezer for his restaurant. The grill will help him cook special chicken sandwiches with various flavors, and the freezer will help to preserve the freshness of his Falafel mixture for several days.
Hussein's plans for expansion including enlarging his restaurant in order to accommodate 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