A. provides a service: He does construction work for hire. A. specializes at painting work. He has been in this business for 11 years already. These 11 years of experience have helped a lot in gaining customers' trust and encouraging more customers.
He is asking for a loan to buy special construction machines and materials, such as a compressor and iron pillars necessary for his business.
With his requested loan from Kiva partner Al Majmoua, he will be able to continue expansion of his business and further increase his productivity.
In the future, he looks forward to working on bigger projects in his community.
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