He is applying for his 10th cycle loan from Kiva's partner, Al Majmoua, in order to buy special machines and tools needed for his business, such as a special compressor and other machines.
His previous loans helped him a lot in developing his business, and he is so proud that he is a loyal customer who can develop both his social and financial life. He hopes to keep on expanding his business more and more in the future, in order to provide his family with the best life.
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