He is an Al Majmoua borrower with a very impressive history of paying back, and has shown that he is a man of his word since he made the exact special improvements on his business as the action plan he had before.
Nazih is applying today for a loan from Kiva's partner Al Majmoua, in order to buy new car wheels to start selling since his clientele is increasing, and some of his customers are requesting new and not used wheels. He wants to please them, and this loan is the best way to achieve what they want. Nazih hopes to continue improving his business and pleasing his customers.
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