To improve his living conditions, Ismaiil has opened another business, a grain shop specializing in selling almost all kinds of grains. This business is highly requested in his area and recommended by most of his customers. Ismaiil is requesting a loan for the first time from Kiva's partner Al Majmoua, in order to support his newly started business, with special items and goods with special prices to ensure customer satisfaction and recommendations. He hopes to keep on improving his income to keep his family living happily.
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