Maher specializes in cement work and is very talented in this domain. To improve his family's living and to make sure that his children have the best education, Maher is applying for a loan from Kiva's partner Al Majmoua to start another new business. He will buy an espresso machine in order to start selling coffee and hot drinks in his area.
Maher found a very good location to start his business, and he is very anxious to start it as soon as possible. He hopes to expand both businesses and improve his living.
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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