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Ali
Ali is a 21 year old man who lives with his parents in Tyre, southern Lebanon. Ali has owned a barber shop since 1998. Ali has requested a loan of 1,200 U.S. dollars from Al Majmoua in order to purchase tools and beauty products for his work. This is the first time that Ali has requested a loan.


Ali is special in his work because of his experience. His clients are his friends and neighbors. When he first started his business, he had difficulty purchasing tools for his salon. Ali chose his business because he learned it through an academy. In the future, he plans on purchasing a bigger salon.

Additional Information

About Al Majmoua – Lebanese Association for Development

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.

About Lebanon

  • $5,900
    Average annual income
  • 83
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ali to purchase tools and beauty products for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010