Abbass doesn't have his own working area; he uses his car as his mobile working shop, where he has all his necessary tools and machines. Howerver it became very risky and needs to be changed, because of its numerous mechanical problems.
Abbass applied for a loan from Kiva's partner Al Majmoua, in order to buy a new car necessary to keep his business going and improving.
Abbass's customers are from different regions since he is not located in one specialized place. He hopes to keep on improving his business, increasing his customers and expanding his working zone.
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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