Malek's business is highly requested in the region not only because of the expected winter season, so that people use it to stay warm, but also for the big request by Hookah lovers, who are increasing in a very fast way these days.
Malek is requesting a loan from Kiva partner A. Majmoua, in order to increase his charcoA. capitA. through buying extra wood and to prepare it for the expected winter season.
Malek is a hard working man. He also works in planting and harvesting speciA. Hookah tobacco, which most of his customers think it is the best tobacco they ever tasted.
Malek hopes to increase his business more and more in the future, through opening a wholesale store, capable of storing a huge amount of charcoA. in the future.
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