Rabih is a 31-year-old single man from Lebanon. He has been the owner of an Internet café since 2003 with seven years of experience in this field. This is where most teenagers visit to chat and do research. Since Rabih’s work is in Southern Lebanon & most of the Lebanese leave the city for the mountains during the summer season, Rabih’s work needs to be developed to stay up to date with the necessary programs and materials. It’s the first time that Rabih has requested a loan from Al Majmoua. He will use the loan to do the necessary maintenance on his equipment and to increase the number of computers, which will increase the number of visitors per day and thus increase his income. His dream is to own a bigger place in addition to a retail showroom.
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.