Abed Al Rahman
Abed Al Rahman applied for a loan from Kiva's partner Al Majmoua in order to do necessary maintenance on his car and to pay what is left on the price of his house. He is looking forward to buying his own car and taxi driving license to get rid of the burden of renting a car. Abed Al Rahman devotes his life to his family and works hard to satisfy them with an increased income. He is grateful for this opportunity that will help him a lot in ensuring his development.
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