He is a man with a very good reputation in his field. Ali is applying for his second loan cycle from Kiva partner Al Majmoua, in order to increase his merchandise with a large amount of pure drinking water and canned food.
Through his previous loan he was able to build a storage room, where he stores all the additional products he sells to make good income.
He hopes to keep increasing his business capital to start wholesale trade in the future or open a supermarket.
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