Habib owns a grocery shop where he sells vegetables and candy. He has requested a loan of $1100 from Al Majmoua in order to improve his assets. Habib has been a micro-credit client for a long time and has always repaid his loans on time.
Habib has owned his grocery shop for 39 years. He is open every day of the week until late at night. Habib has a good reputation in his village, thanks to the quality of merchandise he offers. His clients are his home and shop neighbors and as well as people who walk by.
He is willing to purchase more merchandise to improve his business and satisfy more his clients’ needs. Habib has been having difficulty getting reimbursement from former clients. In small villages, asking for reimbursement might sound rude, especially when your best clients are neighbors and family.
Before the repetitive Lebanese wars, Habib used to own 12 shops. Habib has lost a lot and, adding to it, there has been much theft. Indeed, all this has affected a lot his business.
All through the situation, Habib has remained a tough man and he is planning, in the future, to open a mini market, rather than another grocery shop, because he wants to expand his business and diversify his merchandise.
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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