Ali is applying for his second loan cycle from Kiva's partner Al Majmoua in order to increase his business capital through increasing the number of chickens available at his shop, in addition to registering his business car and getting a special driving license. This will all help his business grow more and more, and will develop his family's social and financial living.
Ali hopes to provide his family with the best education and living ever. He will keep on improving everything around him to make sure that a wider future is expecting him.
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