He has a shop where he sells spare car parts. He is his family’s sole breadwinner, that’s why he is a hard-worker who puts so much effort into continuing to improve and develop his business. Hussein has 26 years of experience in this domain, which provides him with customers' trust and support.
Hussein is acquiring a loan from Kiva partner, Al Majmoua Lebanese Association for Development, to increase his spare parts capital in order to expand his business. Hussein has future plans for expanding his business through opening another 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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