MIX Market

Al Majmoua5Lebanese Association for Development -- Al Majmoua

  • 9.5 million
    12,017
    792.3
    0.0
    11.5 million
    0
Mission:
Al Majmoua's aim is to create a financial intermediary that will serve Lebanese micro-entrepreneurs and will create social change and increase welfare.
Background and Main Challenges: 
Al Majmoua was issued from an SCF Program and had to build its own image in Lebanon as a professional, trustworthy and non-discriminatory institution.
Address: 
Spears, Watwat Street
Beirut
Lebanon
Phone: 
00 961 1 360914
Fax: 
00 961 1 369269
Email: 
contactatalmajmoua [dot] org [dot] lb
Website: 
Main Funding Sources: 
Grants
Loans
Products and Services: 
Loans
Training and Consulting
Products: 
1-Individual Lending/Majmoua Fund:
Loan Term is min. 6 months, max. 18 months; size USD 500-7,500.
Flat interest rate of 1.4%-1.65% per month.
Upfront fee 2% of loan.
Monthly repayments and no grace period.
Guarantee: Fixed Assets or Personal Guarantee (cosigner or ... Read more
Looking for (Investment Types): 
Capacity Building Grants
Equity investments
Loans in US$
% Operations Comprised by MF: 
91 - 100
Date established: 
Jan 1 1997
FYE: 
31-Dec
Regulated: 
no