Husein is very skilled in his field. He previously borrowed through Kiva partner Al Majmoua, and his loan had a very impressive effect on both his social and financial situations. Husein is very optimistic about Al Majmoua loans, and that's why he is requesting a second loan to buy additional new models of tires and a special machine that he needs for his repair business. Husein will also do necessary maintenance on his house to keep his family living in a healthy environment.
Husein hopes to expand his business in the future in order to maintain a good income and provide his children with higher education.
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