Fadi is applying for his fourth loan cycle from Kiva partner Al Majmoua, in order to buy a special machine used for decoration work and to renew his business tools. This is done in order to keep his business ready for any request from customers.
Fadi loves his business a lot, and works hard to keep updating it because this is the only way he can please his customers and develop his social and financial living standards.
He hopes to keep on expanding his business as much as he can to ensure his family have a good and peaceful life.
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