Ihab is a hard-working man. He started introducing new products to his shop, such as stationery & toys. This is good for his daily income and will reflect positively on his social and financial situations.
Ihab is requesting a loan from Kiva partner Al Majmoua in order to improve his business through introducing new products to his customers. He will increase the different models of watches he sells as well as increase his selection of toys and stationery.
He is sure that this loan will help a lot in improving his family's and business situation. Ihab hopes to open another branch in the future, and he hopes it will be bigger and more productive.
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