Ali has raised cattle and sold their milk for the past 25 years. He is an expert in his business and most meat dealers visit him because of the good quality they get. Ali is a hard worker and a man with a very good reputation.
Ali is requesting a loan from Kiva partner Al Majmoua in order to prepare his business for the autumn/winter season. He wants to buy a large quantity of cattle food at special prices. In addition to that, he wants to do necessary maintenance to the cattle's living space. So, he needs to buy special iron shields to cover the space as much as he can.
Ali is a talented man in his domain, and he hopes to keep improving he business as much as he can by increasing the size of his herd of cattle.
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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