To improve both businesses, Mohamad is applying for a loan from Kiva partner Al Majmou, in order to buy necessary tools for his electrician business in addition to adding more products to his grocery store. He expects an increased income in both areas as a result of this loan.
Mohamad is a man with a very good reputation both as an electrician and as a grocer. He is very highly respected by his customers.
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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