Today, he is requesting to borrow from Kiva partner Al Majmoua to purchase mechanical machinery to facilitate his business operation. He notes that this machinery will help him repair the cars faster and more easily.
This is his fifth cycle as an Al Majmoua borrower, with a good standing history. Hassan specializes in fixing car bodies and color. In the future, he is planning to expand his business into other areas.
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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