Botros is a 42 year old man who lives in Beirut, the capitA. of Lebanon. Botros has owned a grocery store for two years. His clients are his friends and neighbors. He is requesting a loan of $1000 from A. Majmoua in order to purchase merchandise, like ice cream, for his store.
This is his second cycle and he has always paid on time. His previous loan helped him diversify his merchandise and expand his stock. When Botros first started his business, he had financiA. issues. He decided on doing his business because he couldn’t find a job. In the future, he plans on improving his store.
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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