Mounir is requesting a loan from Kiva partner, Al Majmoua, in order to start a new business. He wants to trade in electric household appliances. He has already experienced Al Majmoua loans with one paid back loan, and he describes it as a unique one and hopes this loan will give the same results. He said that all the things he is doing are for his family's sake, and he hopes his children will achieve the best education ever.
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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