Helmi is requesting a loan from Kiva partner Al Majmoua to pay for his child's university fees. He has had three previous loans with Al Majmoua and he used his loans to invest in improving and increasing his business capital. Helmi is very impressed with the results he obtained with his loans and he is especially excited about this one as it will help him achieve one of his biggest personal goals which is to provide the best education for his children. Helmi hopes to continue improving his business to provide his family with financial support.
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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