He earns his living by transporting people across his home town city in his taxi. His wife works as a mobile housekeeper and has a very low income, which renders their socioeconomic status very low.
Nevertheless, they enrolled their child in a private school, in order to secure his future for him to overcome the poverty they live in. Charles contacted Al Majmoua because he wishes to acquire a small loan that would enable him to buy a new refrigerator and pay for car maintenance expenses.
In fact, maintaining his car is highly important for him to increase his customer base and thus his revenue, which would alleviate the tuition fees' burden.
As for the future, Charles wishes to purchase his own license plate.
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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