Rami is a very optimistic and ambitious man. He aspires to improve his business by buying a more technically advanced sewing machine, so he is requesting a loan from Kiva partner Al Majmoua. Rami has a good reputation, and he is well-known for treating his clients well and for providing good service in the market and with traders. He inherited this business from his dad when he was 13 years old, so he has extensive experience in the field.
Rami is a hopeful man and he believes that, with the help of the loan and his abilities, he will be able to expand his business and open another branch of his laundry 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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