In 2000, Ali opened his own shop and is doing really well. He hopes to expand it so that he can make plans for his future. He is a hard worker with a good reputation, and puts a lot of effort into satisfying his customers and winning their loyalty. He is requesting a loan from Kiva partner Al Majmoua to buy more fruits, vegetables and special seasonal products to sell to his customers. This is his second loan from Al Majmoua, and he paid his first one back completely and on time.
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