Mahmoud is a hardworking man. He has 25 years of experience in selling fruits and vegetables. In 2001, Mahmoud started his own business. Using a small car he owned, he started to sell fruits and vegetables to nearby villages and towns. Later he exchanged the car for a small truck, which helped a lot in expanding his business and increasing the quantity of products he was selling. His income increased at the same time. Mahmoud did all this because he was aware that he has a family that he has to take good care of and provide with a good and healthy lifestyle.
Mahmoud is requesting a loan from Kiva partner Al Majmoua for the first time. He will use the loan to increase his merchandise by buying special seasonal fruits and vegetables. He hopes to expand his business to start wholesale trade in the future.
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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