As his region, Baalbeck, is famous for its agricultural activity, Mohammad started his own cultivation business at the age of 17. Until today, he has been planting and selling fresh and organic apples, apricots, peaches, and plums. He also operates his tractor for plowing his and other’s lands.
Mohammad is applying for a loan from Kiva’s partner, Al Majmoua. He will use the money to register his van to operate it in transporting his produce to markets outside his area, such as Beirut. In selling his goods in the capital, Mohammad can generate more income than he would back in his hometown; consequently he would provide his children with better living conditions.
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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