Update on JallalJallal is a 37-year-old married father of three children. He lives in a small village in the south of Lebanon. For the past 19 years, he has owned shops where he has sold sandwiches, vegetables, and hookahs. In 2010, he opened his current sandwich shop. However in order to provide for his large family, he had to start another small business, transporting school students in his own bus. His wife is a housewife, meaning that Jallal is the only financial resource for the family, since his children are young and are still enrolled in school.
Jallal decided to contact Al Majmoua and acquire a loan in order to purchase a grill for chicken and other meats and to purchase a barbecue stand. In the future, he wishes to own his own store instead of paying rent to foreigners.
Previous Loan DetailsJallA., a 36-year-old married man, lives in Tyre and has two children. Because of the hard living situation he is facing, JallA. works in severA. types of businesses, such as transportation and agriculture, as well as owning a bakery. He works hard to improve his businesses by buying new products... More from Jallal's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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