Mahmoud is applying for a loan from Kiva partner Al Majmoua in order to buy wood. This is his third cycle as an Al Majmoua borrower and he is very happy with this experience. With the requested loan, Mahmoud is going to buy wood necessary to increase his production, especially in order to be able to take a big project for which he was waiting.
Mahmoud hopes to keep on improving and developing his business, to make sure that one day he will be capable of buying his own shop, and to increase his number of working machines.
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