Hassan is a hard worker. Eleven years ago, he established his own business and he has developed it in a well-managed way. Today, Hassan is acquiring a loan from Kiva partner Al Majmoua to buy a car for his business that he can use to provide mobile maintenance to customers upon request. The car will enable him to transport his tools and needs easily.
He also sells cars' electric spare parts, which provides him with additional income. He hopes that in the future, he can increase his business capital with car accessories.
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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