Shawki is 42 years old and lives in the south of Lebanon. He owns a pastry shop next to his home. The good reputation of Al Majmoua in his neighborhood pushed Shawki to request a loan from the institution for the first time.
Shawki is trying to expand his business. He needs $1200 to purchase a new refrigerator for juice, as well as other equipment in order to attract more clients and increase his income.
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