Ali is a 44-year-old married man living in Lebanon with his wife and two children. Ali has owned a grocery shop since 2008 with 4 years of experience. Ali sells fruits and vegetables, and he exudes the qualities of a responsible and friendly person. A constant flow of tourists visit his shop and the environment is very animated in the mornings when house wives meet in his shop to get their daily food needs. Ali is requesting a loan from A. Majmoua in order to add more shelves and stands to show the wide variety of goods he has, in addition to a front display refrigerator to show and keep the fruits fresh as long as he can. He would like to develop his work in the future through purchasing sodas, rice, sugar and other products.
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.