He is a Palestinian refugee living in Lebanon and working as a blacksmith since 13 years ago. Toufic works hard to develop his business; that's why he is applying for his fourth loan cycle from Kiva's partner Al Majmoua, in order to buy a forklift truck that will make his work easier in moving iron pillars from one place to another.
Toufic has a good standing and repayment history. His previous loans helped him a lot in developing his business and improving his family's living conditions.
He hopes to expand his business and be capable of working outside the Palestinian camp he is living in.
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