Wael is a hard worker. He is well known in the region as the non-stop working man. He is applying for a loan from Kiva's partner Al Majmoua for the third time in order to pay for his children's tuition fees and school supplement. His previous loans improved his monthly income a lot, which reflected positively on his social and financial situations in a very impressive way. Wael hopes to keep expanding his business capital to increase his customers and monthly income.
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