He is the owner of a small restaurant in his village, which has been his major financial resource for four years. Imad decided to contact Al Majmoua and acquire a loan in order to purchase a new "shawarma" machine (Shawarma is a meat preparation where meat is mixed and placed on a vertical rotating spit to be grilled for as long as a day). This will enhance his working capital and enlarge the range of foods he offers to his customers.
In the future, Imad hopes that the situation of the country will get better in order for him to be able to open up a second branch.
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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