Mazen is acquiring a loan from Kiva partner Al Majmoua, to increase his business merchandise with special Christmas and newly released winter collections that will attract customers' attention and increase his sales.
This is Mazen's third cycle as an Al Majmoua borrower with a good standing paying back history. His previous loans helped him a lot in increasing his business capital through diversifying his products upon customers' requests.
He is working hard to open another branch in the future.
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