Alaa Al Dine
Alaa Al Dine has requested a loan of $1000 US dollars from Al Majmoua to purchase recharge-telephone cards, cassettes, and DVDs for his shop. This is the first time that Alaa Al Dine has requested a loan.
Alaa Al Dine is distinguished in his work because his business is unique in the area. His clients are friends, neighbors and students. When he first started his business, he didn't have enough cash. In the future, he plans 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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Success!! The loan was 100% repaid