Mouhamad is an Al Majmoua borrower for the third time and all of his previous loans were used to increase his business capital. This time Mouhamad states that he's happy and satisfied with his present capital, but would like to exchange his van for a bigger one that can fit all his goods. He is intending to sell his present van and add to its price the requested loan amount to pay for the new one he chose.
Mouhamad is a person who's always grateful for what he gets and who, at the same time, works hard on improving himself. He hopes to expand his business through reaching more targeted 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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