To keep on expanding his business, Yehia is applying for a loan from Kiva's partner Al Majmoua, which he will use to buy a special Petit Four mixer that will help him start manufacturing foreign sweets. Yehia is working hard at diversifying his products to keep his customers satisfied.
This is Yehia's ninth cycle as an Al Majmoua borrower with an excellent history in paying back his loans. He says that all of his previous loans were invested in expanding his business by increasing his machinery, tools and raw materials, which led to improving both his social and financial situation, in addition to his image in the region.
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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