Mohamad is applying for a loan from Kiva partner Al Majmoua in order to increase his supply of coffee. The loan will also supply him with the capital to meet the business needs of his cafe as he acts to expand his business as much as he can.
Mohamad is a hardworking man, who seeks perfection in his business. He works to make sure that the cafe will provide him with a good income so that he can meet his family's needs.
This is Mohamad's fifth cycle as Al Majmoua borrower, and he has a good history of repayment. His previous loans had a good impact on his social and financial living.
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