Hicham loves his business a lot; that's why he applied for a loan from Kiva's partner, Al Majmoua, in order to buy a quality testing machine necessary for his production. This machine is very important in his business to make sure his product is of top quality. Hicham aims to start marketing his product all over the region, and he hopes for a big increase in his production and sales as soon as hoped for. He hopes to open a larger winery in the future to expand his production.
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