Bilal is a hard worker, talented, and experienced in his domain. He is well known in the region. He has a good reputation especially concerning his integrity while dealing in such a business.
Bilal's workshop is located in a very important zone centered among the gold retail market. This is very important for the dealers that he is located among in order to deal with their customers' sudden requests.
Bilal applied for a loan from Kiva's partner Al Majmoua, in order to buy gold and start designing, producing, and selling his own hand-made products. This step forward will improve Bilal's earning potential and will encourage him to elevate his working production to a higher level especially since he has the necessary skills requested for this kind of business.
Bilal hopes to open a showroom that will attract a lot of customers and attention to his own hand-made designs.
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