Karim's work and home are located in a very rough area during the winter season, especially the transportation over the thick snow.
Because he is dedicated to his job, he is working hard to face any unexpected issue and to keep on coming despite any unexpected circumstances. That's why he is applying for a loan from Kiva partner Al Majmoua: to buy a car that will ease his transportation from home to work during the heavy winter season.
He hopes that one day he can open his own restaurant that he could develop into a motel in the future.
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