He is applying for a loan from Kiva's partner Al Majmoua, in order to buy a car necessary for his business transportation to buy the best seeds and necessary tools. At the same time, it will provide his family with special facilities through having easy family outings.
This will be Khaled's third cycle as an Al Majmoua borrower with a good standing and repayment history. His previous loans where invested in improving, expanding and increasing his production. This increase reflected positively on his family's social and financial situation, which he hopes to keep on being capable of doing.
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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