Ibrahim is a 23 year old single man from Lebanon. Since 2007, he has been working in the construction industry. He specializes in installing and repairing tiles, as well as polishing them. This type of business is very common in Lebanon. Ibrahim is known for his good work and is proud of his experience. He is able to serve several clients at the same time. His clients can be anyone from his region and its surroundings. His challenge is the competition since it is a demanding work. When he first started, Ibrahim had difficulty making himself known to the public, but through his determination and hard work, he was able to build a network of clients. Ibrahim is requesting from Al Majmoua, a Kiva partner, a loan to purchase a new tile polishing machine. He hopes to continue to grow and enhance his business in the coming year. This will be his first loan from Al Majmoua.
About Al Majmoua – Lebanese Association for Development
The 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.