Bilal is applying for a loan from Kiva partner Al Majmoua in order to pay for his children's tuition fees and buy a car, which is very important to facilitate his business in moving from one place to another.
Bilal is very excited about this loan because it will help him a lot in improving his children's educational level and in expanding his working zone. He hopes to keep on improving his business to make sure that he will be capable of covering his family's needs.
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