Jerji works in fixing car and motorcycle tires, in addition to washing cars. To improve his business, Jerji is requesting a loan, in order to buy new motorcycles and spare parts to start selling in his shop; this new kind of business fits properly with his available one.
That's why Jerji is requesting a loan from Kiva partner Al Majmoua, in order to buy these new items.
Jerji is a man with a good reputation; he is a hard worker who seeks perfection in his business. He hopes to open a big motorcycle show room in the future and to expand his business more and more.
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