Abed El Latif
Abed El Latif is a 23-year-old man who lives in Bint Jbeil, southern Lebanon. Abed El Latif has owned a mobile phone shop for two years. Hussein decided on this business because of his experience in the field. When he first opened the shop, he did not face any difficulties. Abed El Latif is special in his work because he does it well. His clients are people from his region.
His previous loan helped him improve his business. He has requested another loan of 1330 US dollars from Al Majmoua to purchase additional merchandise for his shop. In the future, he plans on improving his business.
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