Mohamad works hard to fill his family's needs. He used to work helping people moving furniture and other agricultural products from one place to another, which is in fact tough work for a person his age because it needs a lot of physical effort, which he doesn't have at all at this age.
Mohamad is requesting a loan from Kiva partner Al Majmoua in order to increase his business merchandise with special winter offers.
When we asked Mohamad about his plans for the future, his answer was that he dreams of expanding his retail shop to a wider market. This will be his second cycle as an Al Majmoua borrower. His previous loan helped him a lot in increasing the variety of products he sells.
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