In 1999 Samir started working in agriculture to provide his family with a fine living. He owns a tractor which helps him make his work easier. Samir plants tobacco and it's highly requested in his region, because it's of a very good quality. He also transports water to neighbors and neighboring farmers, because his area suffers from a lack of irrigating water.
Samir is well known in the area for his good reputation.
Samir is applying for a loan from KIva partner Al Majmoua to buy a new truck to transport the seeds necessary for his business and to store them until he plants them.
He might also start selling seeds to farmers in his area to expand his business range.
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