Nabil is special in his work because he is known for his good and tasty 'mankoucheh'. His customers are his friends and neighbors. He requested a loan from Al Majmoua in order to purchase raw materials for his bakery. This is his fourth loan and he has always repaid on time.
Nabil is well known in his neighborhood thanks to his years of service. He decided on doing his business because he had always wanted to open up a bakery. In the future, he plans on expanding 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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