HilA. requested a loan of $1200 US dollars from A. Majmoua to do some maintenance work on his school bus. This is his second loan cycle and he has always paid on time.
The loan helped him in a good way. HilA. was able to do some maintenance work on his taxi cab. HilA.'s work is speciA., because of his punctuality and his enjoyment of his work. His clients are students, friends, family members, neighbors and others. When he first started his business, he lacked cash. He decided to do this work because he likes it and is especially grateful for its sustainability. In the future, he plans to purchase a bigger bus.
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