Khalil has been working as a builder for over two years now. He requested a loan from Al Majmoua in order to purchase tools for his work. This is the first time that Khalil has requested a loan.
Khalil is special in his work because he does it well. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties except making himself known to the public. He decided on doing his business because he wanted to have an independent work as well as having previous experience.
In the future, Khalil 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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