Ali is applying for a loan from Kiva partner Al Majmoua, in order to increase his store of food for his cattle for the winter season. He will also invest part of the loan in his son's wedding expenses. He is very excited about this wedding and hopes to be capable of helping all of his children in their future.
This is Ali's first experience with Al Majmoua, and he hopes that the future ones will expand his business 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