Just like most Palestinians living in Lebanon, Ali works hard to improve and expand his business as much as he can in order to improve his children's living, and provide them almost everything they need.
Ali has been an Al Majmoua borrower for nine consecutive cycles. All of the previous cycles helped a lot in improving his working area, in addition to purchasing new furniture for his house.
What makes his business different is the special dishes he provides. Most of his customers are neighbors and tourists visiting the historical Saida region. It's just the bad security situation that affects his business development and he hopes that this will end soon.
Today he is applying for a loan from Kiva's partner Al Majmoua, in order to buy a new refrigerator, plates, a new bean grinding machine, in addition to a TV and a washing machine for his house.
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