Agob is now requesting a loan in the amount of $1,000 via Al Majmoua in order to provide him with some cash. Agob has been a microcredit client for seven years now, and he proudly states that he has always repaid his loans on time. His prior loans enabled him to generate income and to thereby improve his financial situation. Agob feels that his business is special because of his happy face and his business skills. His clients are his friends and neighbors.
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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