Nicolas is a hard worker and he puts much effort to reply directly to customer requests.
He is acquiring a loan from Kiva partner Al Majmoua in order to buy bigger water storage tanks in order to store water to increase his water capital and respond to increasing customers’ requests.
Nicolas is planning to buy a new agricultural tractor that he will use to expand his working sector in agriculture as an additional income business.
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