Hachem is a hardworking man, sacrificing himself for his children's best interests. He has owned a specialty home products and gift shop since 1995. It's his only source of income and that's why he invests a lot in it to give him back what he's seeking.
Hachem's shop needs some necessary maintenance to be done, in addition to expanding his product range with a new released collection, and that's why he applied for a loan from Kiva partner Al Majmoua to obtain requested needs.
It's his fourth cycle as an Al Majmoua borrower, and he describes his experience as a smart step taken to move forward. He hopes to keep on improving his business 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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Success!! The loan was 100% repaid