Haidar is requesting a loan from Al Majmoua, Kiva's partner, in order to increase his merchandise with tasty seasonal fruits and vegetables. He will also complete building his house to keep it suitable for healthy living. This is Haidar's third cycle as an Al Majmoua borrower, with a very good paying back history. He is insisting on expanding his business to fulfill his family's and customers' needs.
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