Ahmad is applying for his fifth loan cycle from Kiva's partner Al Majmoua. His previous loans were invested in doing necessary maintenance on his car and answering most of his family's needs. Today, unfortunately, his loan will be to pay for his wife's medication. He puts in so much effort to cover everything she might need.
Ahmad is so pleased that he found Al Majmoua to stand by his side and meet his needs, since no one lends to the working sector in Lebanon. He hopes to buy a new developed car in the future.
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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