Hassane's business is going on just fine, and he makes sure to keep on responding to the market needs and requests. And since it's the Holy month preparations, he is acquiring a loan from Kiva's partner, Al Majmoua, to buy the necessary threads and textiles for his factory.
Through his previous Al Majmoua loan, Hassane was able to buy special tailoring machines that improved his business and increased his income through saving time and producing excellent qualities.
Hassane has six employees, thus he has to make sure that his business keeps on developing, to make sure that he can cover his employees expenses and needs.
He hopes to keep on developing his business through expanding his factory and increasing his machines.
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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