Abbass is a hardworking man, well-known in his region. In 2010, Abbass opened his own garage. This step forward was an excellent one to take for his family's increase in income and for improving their living conditions.
Abbass applied for a loan from Kiva partner Al Majmoua in order to buy a used car with a special price to fix, sell and make a good profit. This kind of business will increase his income, and will also open for him a new business trend to invest in.
He hopes to expand his business more and more in the future and to attract new 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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