Alaa is a hard-working man, liked by most of his customers. His good reputation differentiates him from competitors, and this is his speciA. advantage.
To improve his living and to increase his income, Alaa thought of establishing a new business that is attractive to most teenaged villagers: he will open an internet café, which will help them in spending useful time in their spare time and it will help in keeping them away from bad habits such as drugs and many others through a loan he applied for from Kiva partner A. Majmoua.
Alaa hopes to improve both businesses more and more in the future and to continue having customers trust him.
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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