His intention now is to grow his mouneh trade into a small store for selling foodstuffs, through starting a small home made food section to develop it in the future to a catering department. For this purpose, he is applying for a loan from Kiva’s Partner, Al Majmoua. Mahmoud aims at maintaining a stable businesses and continuously generating a sustainable income to maintain a good quality of living for himself and his family.
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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