Mohamad has requested a loan from Al Majmoua, in order to buy necessary products for his business. These products are frequently requested by his customers, whom he believes he has to keep satisfied all the time. Mohamad will also pay for his children's school fees, since educating them is very important to him. Mohamad is liked by most of his customers. Most of his customers are his friends, neighbors and relatives. They enjoy visiting him more often, and he enjoys their visits too.
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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