Hassan has worked in construction for 26 years, specializing in cement work. This long experience gives him a special place among competitors providing the same service. Hassan needs to buy necessary tools and machines for his business to keep his business updated, that's why he applied for his first time for a loan from Kiva partner Al Majmoua. Hassan is sure that the loan will bring him good luck and success, because it's invested in improving his business, which will definitely improve his family's social and financial situations.
Hassan hopes to continue expanding his business for a better future for his family and business as a whole.
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