When Youssef first started his business, he didn’t produce as much as he does today, and his number of clients has increased. His clients are people from his region, as well as people from other regions. Youssef decided on doing his business because he took over his family’s business.
Youssef requested a loan from Al Majmoua in order to pay for the harvesting of his olives. This is the first time that he has requested a loan.
Youssef is special in his work because he does his best to produce the best quality of olives and oil. In the future, he plans to keep on expanding his business by producing more.
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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