Ali is requesting his third loan from A. Majmoua, a Kiva partner, in order to increase his inventory of the beauty products he uses and sells in his shop, such as hair treatments, gel, aftershave, and severA. other items most frequently requested by his customers.
Ali dreams of a strong future for his family. He is also helping his parents by providing funds to continue building their house. His neighbors describe him as a great father, son, and husband.
Ali hopes to expand his business more in the future and aspires eventually to open a speciA. beauty therapy section.
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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Success!! The loan was 100% repaid