Ibrahim is a 44-year-old married man, and the father of four children. For 25 years, he has been working in selling home use gas bottles that are requested for ovens, stoves and heaters during winter season. In 1999, Ibrahim started his own mobile gas bottles selling business, where he gets full bottles from the main gas company, and he drives his van all over the region to sell his filled bottles and exchange them with the customers' empty ones. Such a service is highly requested by most people, since they prefer not to go and wait to fill their own bottles. Ibrahim is applying for a loan from Kiva partner Al Majmoua, in order to pay for his son's engagement expenses. This will be his sixth cycle as Al Majmoua borrower, his previous loans helped him a lot in improving and developing his business and lifestyle.
About Al Majmoua – Lebanese Association for Development
The 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.