They also do not have many opportunities to choose the business they would like to have. He started 20 years ago working in construction, specializing in pasting and polishing tiles. It was hard work for a 14-year-old boy to start but he made it and showed he was skilled enough to attract customers to him and keep his name well known in this domain.
Bassam is doing his best to avoid his children having to grow up as he did. That's why he working hard on developing his business to provide them the best education and a suitable living. To improve his business, Bassam has to keep it updated with the newly released tools and necessary spare parts for the tile polishing machine. That's why he applied for a loan from Kiva partner Al Majmoua.
This is Bassam's first cycle as Al Majmoua borrower, and he hopes that the future investments will help in developing his business and social life more and more.
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