Wissam is a hard worker, he has been working in the construction domain since 2007, and he has two employees to help him reply to the increasing needs of his customers. What’s good in Wissam’s business is that he is capable of taking projects outside the camp he is living in, which is all because of the trust he gained from his customers who recommended him to others immediately. His good reputation is his weapon against competitors, and he is taking a maximum advantage of this.
Today he is applying for a loan from Kiva’s partner Al Majmoua in order to increase his wood capital to cover more requested projects. He hopes to keep on expanding his business to cover wider projects in the future and open a construction company that will require more employees and cover all aspects of the construction 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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Success!! The loan was 100% repaid