This is Mohamad's second cycle as an Al Majmoua borrower with a good standing pay back history. His previous loan helped him a lot in increasing his business capital with the necessary used furniture. He is working hard to develop his business more to open a big showroom in the future. He hopes to keep on developing his business more and more to provide his family with a special living standard that fulfills their needs and satisfies their desires.
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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