Mohamad's cafe is in a van located on the side of a highway facing an auto showroom. His location is very good but he needs support to improve his business. That is why he has applied for a youth loan from Kiva's partner Al Majmoua in order to buy a new espresso machine and an espresso coffee mill. In addition, he wants to build a tent over his van to make his business easier during the coming winter season. Most of his customers are passersby and tourists.
This is his third cycle with Al Mjamoua and he is a borrower in good standing with a history of repaying his previous loans. Mohamad hopes to continue expanding his business as much as he can to please his customers and improve his standard of living.
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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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