Samir's restaurant is located on the main road where anyone can pass by and experience his makings.
Samir is applying for a loan from Kiva partner Al Majmoua in order to buy two power generators necessary for his business and family living. The first one will be used at his restaurant to keep everything fresh and healthy, to keep the electricity available for the customers, and to make his work easier.
The other one will be settled at home, for his family's benefit. It would enable them to live a normal living that anyone must have, since electricity is currently a problem with no solution in Lebanon.
Samir hopes to move to a wider shop in the future which will help him work easier and faster and increase his production.
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