All four children are enrolled in private schools, which means that Hassan has to settle the schooling tuition fees and expenses on top of all the other family expenses. This is why he needs to maximize his profit and provide the best possible life for his children.
To gain an additional source of income for this purpose, he decided to contact Al Majmoua, hoping to acquire a loan that will help him renovate a house that he owns. He will then be able to lease the apartments and gain a monthly revenue, which will be greatly beneficial for his family in the long term.
In the future, Hassan wishes to expand his business.
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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