Mohamad is applying for a loan from Kiva's partner Al Majmoua, in order to increase his merchandise with newly released home products, that will surely attract new customers’ attention, and increase his sales.
This is Mohamad's second cycle as an Al Majmoua borrower. He has a good repayment history. His previous loan helped a lot in improving his income and developing his standard of living.
He hopes to keep improving his business as much as he can, through expanding the shop and increasing his merchandise.
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