Majed has had a barber shop since 2007, with 10 years of experience in his domain. He quit school during his intermediate stages and turned to seek a good income business, which he established on his own seven years ago.
Today, Majed is well-known in his region. Through his acquired loan from Kiva's field partner Al Majmoua, he will make necessary maintenance to his shop with decoration, tiles and painting, in addition to renewing his business tools and machines to attract more customers.
He hopes to keep on developing his business in a well-managed way, and might move his shop to a better region.
More information about this loan
This loan is specifically designed for Al Majmoua's vulnerable clients, namely non-Lebanese such as Filipinos, Egyptians and Syrian and Palestinians refugees. These communities have been marginalized by the Lebanese government and society and do not enjoy the same opportunities in the work, educational, and health fields. By funding this loan, you are helping these individuals improve their businesses and provide for their families.
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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This loan has been fully funded!