He has owned a general store since 2007, with 14 years of experience in this field. His store is well known in the region, because of his good quality products and special prices.
He sells home appliances and groceries. Moustafa is a loyal borrower from Kiva's partner, Al Majmoua, for seven consecutive cycles. He says that all of his previous loans were invested in increasing his business capital through adding new requested products, to please his customers as much as he can to acquire their loyalty.
Today Moustafa is applying for a loan to pay his children's tuition fees, in addition to buying diesel oil for the winter season for heating. It's too cold where he lives and works, and he has to be ready.
Moustafa is planning to add plastic products and bicycle sales soon.
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