Khalil is a hardworking man. He does his best to provide his family with the best and healthiest living. Khalil is well known in his region and most of his customers are friends, relatives and neighbors who enjoy dealing with him. Khalil is planning to expand his business more and more in the future through opening another branch or starting wholesale trade.
Now he is applying for a loan for the first time from Kiva partner Al Majmoua in order to increase his merchandise with special goods requested by his customers.
He is sure that this loan will reflect positively on his social and financial situations.
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