Chadi started his own business in 2007 and is thankful for what he has. He likes his work a lot and has broad experience. This is Chadi's fourth cycle borrowing from Al Majmoua. He states that the previous loans helped him a lot in supporting his business and increasing his income.
In addition to the maintenance he does, he also sells satellite receivers and many other electrical items. He hopes to continue expanding his business, to remain capable of raising his children in a suitable manner, and to providing them with the best education ever. Today he is applying for a youth loan in order to buy special electronics. He intends to use the spare parts to make requested maintenance.
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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