Mohamad has been an Al Majmoua borrower for four cycles, with a good-standing payback history and a clear business development upon a set plan.
Mohamad is the only one in the region who distributes eggs wholesale, and this is a positive aspect to keep on improving his business more and more.
Through a loan from Kiva's partner Al Majmoua, Mohamad will increase his business capital through increasing the quantity of eggs he sells. This will surely increase his income and improve his family's living.
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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