His previous loan has influenced his life in a good way by improving his shop and his production. Hussein is speciA. in his work because he has good quality merchandise. When he first started his business, he was still learning the business, which wasn’t easy for him. Hussein decided to do this business because although he has been receiving his retirement salary, it is not enough for him to meet his family needs; that’s why he decided on opening a shop. In the future, he plans to improve and expand the gas 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