Izzat's car needs a lot of maintenance in order for him to stay mobile and to improve and expand his sector. Is is why he has applied for a loan from Kiva partner Al Majmoua, in order to be able to perform necessary maintenance on his truck.
This is Izzat's twelfth cycle as an Al Majmoua borrower with an excellent repayment history. His previous loans have had positive effects on both his social and financial situations.
Izzat hopes he can buy a new truck in the future with the help of Al Majmoua loans.
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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