Mahmoud is a hardworking man and an entrepreneur. He made his business out of nothing; he turned his useless van to a steady fixed coffee shop. He placed a water barrel on top of his van. From it, he takes water through a water hose attached to a tap to the stainless steel sink (shown on the right side of the picture).
Mahmoud is proud of what he has and is planning to expand his business more and more.
He has applied for a loan from Kiva partner Al Majmoua in order to make a new tent that will cover him from summer heat and from the coming winter's rain, because the old one is not good anymore. Mahmoud will also paint the new place he renting for his shop to keep his customers satisfied.
Mahmoud hopes to expand his business more in the future and open his own official coffee shop, although he feels that the van is his lucky charm.
He also works as a drummer at night to cover his family's expenses. This is his fifth year working in the coffee business, and he hopes to expand more in the future.
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