Anan is willing to start wholesale trade. Until then, he needs to register his car to be capable of transporting his products from dealers to the shop and vice versa. To do so, he applied for a loan from Kiva partner Al Majmoua. Most of his customers are villagers, friends, relatives and tourists.
Anan hopes to reach a good level in his trade and succeed in his living too. He hopes to please his family and reply to their needs as much as he can.
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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