Piere is requesting his first loan from Al Majmoua to buy new tools for his business, such as a car scanner and a carbon dioxide testing machine. Piere’s clients are friends, neighbors, and community members. His high quality of work helps to improve and expand his business. In the future, Piere hopes to expand his business to specialize in certain kinds of cars or services to attract more clients.
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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