(MENAFNEditorial)
iCrowdNewswire - Mar 29, 2017
Nebras Aley, Lebanon / Consumer Goods A loan of $1,500 helps to purchase necessary furniture for his house to improve his family's lives. Nebras's story
Nebras is a 31-year-old married father of one child. He is a Syrian refugee who has been employed as a specialized construction stone factory for the past five months, with three years of experience.
He fled with his family from Syria seeking a peaceful living. Since he is currently working with a limited monthly salary, and at the same time he is working hard to improve his family's living, Nebras is acquiring a special Syrian refugee loan product from Kiva's field partner Al Majmoua, to purchase necessary furniture for his house to improve his family's lives.
He is planning to buy his own home in his hometown in Syria and go back with his family.
This loan is special because: It gives opportunity to Syrian refugees who have fled the war in Syria. Lev Plaves Kiva staff
More about this loan This loan provides Syrian refugees currently living in Lebanon access to financial services that are denied to them through traditional sources and micro-finance institutions. Al Majmoua provides these loans to individuals and groups. The group loans use an innovative structure that connects both refugees and Lebanese nationals to increase collaboration and lower discrimination between the two. By supporting this loan, you are helping Syrian refugees, one of the most marginalized individuals in Lebanon, develop their businesses, provide for their families and integrate into the Lebanese society. About Al Majmoua:
The 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.
Contact Information:
Nebras
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