Hani is applying for a loan from Kiva partner Al Majmoua in order to change the external brick canopy outside his shop before the fall and winter seasons. This change is very necessary both to improve the image of his shop and at the same time to attract customers hiding from the rain under it, as they will definitely look inside and pay attention to the beautiful collection he sells.
This is Hani's third cycle as a Al Majmoua borrower. His previous loans helped a lot in improving his business and he was a good standing borrower. He hopes to meet his customers expectations 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