Mounir is a hard worker with a very good reputation; he is well known in the region. Mounir applied for a loan from Kiva partner Al Majmoua, in order to do necessary maintenance on his van, to keep it in good shape to attract new customers.
Mounir will also invest part of the loan in doing necessary maintenance on his house to keep it a healthy living medium for his family members. This is his fifth cycle as an Al Majmoua borrower. He assures that his previous loans reflected positively on his family and business development.
He hopes to buy another van in the future and to open a touristic company that makes trips all over Lebanon.
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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