Hassan is an ideal father who works the whole day planting, neglecting the sun's heat during the summer season and extreme cold in winter, in order to provide his five children a normal life.
Hassan is applying a loan from Kiva's partner Al Majmoua in order to buy a new van to distribute his vegetables among his customers, since he sold his old van because of its miserable mechanical and physical situation.
This would be his second cycle as an Al Majmoua borrower; he has a good repayment history. His previous loan helped him to improve his business a lot.
Hassan is planning to expand his business more and more, through increasing his variety of produce and expanding his distribution zone.
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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