Walid is applying for a loan from Kiva partner Al Majmoua, in order to buy a new espresso machine necessary for his business. He will also use part of it to repair his house's rooftop.
Walid started his business from a van where it used to be his coffee shop, them he expanded his business to a specialized coffee selling shop. Today he is applying for a new espresso machine, while he hopes that in the near future he will buy a larger shop, an ice cream machine, and a smoothies machine too.
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