Twenty years ago, he opened a business where he produces local and organic products for a living. His wife is employed in a library, in the documentation department. One of his children is enrolled in a private college, which means that Maamoun has to settle the tuition fees expenses on top of all the other family expenses.
Maamoun decided to contact Al Majmoua Lebanese Association for Development and acquire a loan in order to purchase a water pond that would help him irrigate the fields of his business. It would increase his output and thus increase his revenue. As for the future, Maamoun wishes to dedicate himself to farming.
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