Ahmad is applying for a loan from Kiva’s Partner, Al Majmoua to buy a car. He will use this car for delivering sandwiches across his neighborhood as well as for personal use. It is essential for Ahmad to augment his business and add to its reputation. In the future, he intends to buy the restaurant, thus attaining a stable business and sustainable source of income for himself and his family.
This is Ahmad's second cycle as an Al Majmoua borrower. He is very optimistic about it, since his previous loan helped a lot in improving his business.
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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