In 2004, Ali opened his fish selling shop, where he sells fresh, frozen, grilled, and fried fish. His customers like the good quality products he serves. Ali also works as a taxi driver after he finishes selling fish to make extra income to cover his family's expenses.
Ali is applying for a loan from Kiva partner Al Majmoua in order to buy a big, new refrigerator to save fish in a good, healthy way, and to make necessary repairs to his car. He hopes to open a fish restaurant 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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