Awad has applied for a loan from Kiva partner Al Majmoua in order to increase his food business by buying a large quantity of noodles at a discount. Awad also works in construction, specializing in cement work. Since this business is not going well, Awad is hoping to improve it also by buying new construction tools.
His food business is his main source of income. Through its income he covers his family's necessities. He hopes to provide his family with the best education and living, and hopes to improve his both of businesses as much as he can.
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