Taan is strongly motivated to develop his business in order to meet his family's current and future needs, which include enrolling his baby in school when it is time; he is planning a bright future for his family, which requires him to work very hard to achieve success.
Taan is acquiring a loan from Kiva partner Al Majmoua to increase his merchandise diversity and buy a car that will help him transport his goods from wholesale shops to his store. He is also thinking of starting a cash van business, but needs to study this further before making a final decision.
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