Mahmoud is a hard worker, with a very good reputation in his region. He is applying for a loan from Kiva's partner Al Majmoua, in order to buy a van. He will use it to transport students as an additional business. This will help him ensure that his child, who attends a private school, will have the best education.
Mahmoud hopes to continue developing his business as much as he can, to make sure that he and his family have a good standard of 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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