Ghaleb raises livestock, and he trades with their milk and meat. His business is just fine but needs an external small push to keep it improving.
He applied for a loan from Kiva partner Al Majmoua in order to buy necessary food for his livestock with special prices. He is already an Al Majmoua borrower for five cycles. All of his previous loans helped a lot in improving his business and his family's social and financial situations.
Ghaleb will also invest part of the loan in paying for his child's school fees. He is strict when it comes to education because he dreams to see all of his children highly educated unlike him.
He might also, if it is possible, make necessary maintenance to his house before the autumn/winter season.
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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