Khodor is acquiring a loan from Kiva’s field partner, Al Majmoua, in order to purchase more mobile phones and accessories as a means to increase his revenue.
In the future, he intends to expand his business to service all his clients’ mobile phones' needs.
More information about this loan
This loan is part of Al Majmoua’s efforts to help individuals living in parts of Lebanon that are affected by ongoing conflict and war. Businesses in and around Tripoli and Bekaa face numerous security challenges and have experienced decreased turnover. By supporting this loan, you will help strengthen microbusinesses in an area of conflict and political instability.
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