His work is going on just fine, but he always needs an external push to be able to fulfill unexpected additional requests. His special wide experience and good reputation pushes him to work harder to expand and improve his business. Samir is applying for a loan from Kiva parnter Al Majmoua in order to buy extra wood necessary for a new project he is working on.
This is Samir's sixth loan cycle as an Al Majmoua borrower. He is in good standing and has a good history of paying loans back. With his previous loans, he was capable of renewing some of his tools and improving his living. He hopes that one day, he will open his own special showroom to attract new customers.
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