Ghassan has faced financial hardships due to lack of capital, but with his determination and the support of his wife who helps him in the store, he was able to maintain his business.
Today, Ghassan is applying for a loan from Kiva’s partner, Al Majmoua, in order to expand his stock of products, mainly of foodstuffs and candies. This is his third cycle, and he has been quite satisfied with the loans’ contribution in refreshing his business.
In the future, he wishes to enlarge his store and increase his offerings.
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