Fouad has been working in food business since 1995. His grocery store is going on just fine, but he needs more cash in order to add new products requested by customers.
Fouad applied for a Loan from Kiva partner Al Majmoua in order to increase his store's merchandise with special spring and summer beverages and snacks.
Fouad is a hard worker. This is his fifth cycle as an Al Majmoua borrower, and all his previous loans helped a lot in increasing his business and improving his social and financial situations.
He has a good paying back history with a very good reputation. Fouad hopes to expand his business more and more and to start a wholesale trade.
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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