Haytham is applying for a loan from Kiva's partner, Al Majmoua, in order to renew his transportation license and do necessary maintenance on his truck. He has already been an Al Majmoua borrower for seven cycles with a good standing. Most of his previous loans helped a lot in improving his social situation. This loan will also help improve his situation in addition to providing a good living for his family. Haytham hopes to buy another truck in the future.
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