He has been an Al Majmoua borrower for two cycles, with good standing in his paying back history. His previous loan was requested for the same reason as the present loan. He will pay for his children's University and school fees. Stephanie is a 23-year-old female, Jessica a 21-year-old female and Daniel is a 13-year-old male.
Tony will use part of the loan to prepare his house for necessary winter heating. He is very pleased with Al Majmoua loans because they help him fulfill his needs and satisfy his family's desires without asking for others' help.
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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