Hasan is applying for a loan from Kiva's partner Al Majmoua, in order to start a new business. He will start selling mobile phones, prepaid cards and accessories. His old business is unique in his area, since it's hard to find such a one in Southern Lebanon, because of religious issues.
This is his second cycle with Al Majmoua, and his previous loan improved his business a lot and covered his wife's eye surgery expenses. His father used to have such a business, that's why he had good experience in it.
Hassan hopes to improve his business more and more to start up a wholesale trade in the future.
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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