Yaacoub owns a sawmill, which belonged to his father since 1985, and he has 15 years of experience in this field.
Yaakoub’s business is doing well since most of his clients dealt with his father at the beginning and are still dealing with him because of the good reputation he inherited. His clients are everyone in need of such service.
Yaakoub is requesting a loan from Al Majmoua in order to pay for a requested wood order. His family is living fine, since he works hard to provide them with what they need. Yaakoub hopes to buy a wood compressor in the future.
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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