Ali is requesting a loan from Kiva partner Al Majmoua to purchase a van that he will use as a school bus to generate extra income for his family. He already has one extra business. Ali also owns a flower shop, but believes that his family's needs require more effort to be invested.
His income is considered almost reasonable and he struggles to be able to face uncomfortable life circumstances. In the future, he plans to improve his work and enlarge his shop.
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