PhilippinesAgricultureFunding via Negros Women for Tomorrow Foundation, Inc. (NWTF)
PhilippinesRetailFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
PhilippinesFoodFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
Monzer is a hardworking man with a good reputation. He is applying for a loan from Kiva's partner Al Majmoua in order to pay for his wedding and marriage expenses, since it is hard for him to save this amount from his monthly income.
Monzer hopes to open his own bakery one day. He will make sure that his children will have the best education ever, since he didn't get the chance to finish because he had to help his parents in their living. He finished Intermediate studies.
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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