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Ali
Ali is a 24-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon with his wife. Ali has been working at furniture making for ten years. He requested a loan of 1300 US dollars from Al Majmoua in order to purchase wood for his business. This is the first time that Ali has requested a loan.
Ali is special in his work because he does it well. His clients are his friends, neighbors and people from his region. When he first started his business, he didn’t face difficulty. He decided on doing his business because he took after his father work. In the future, he plans on expanding his business.

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

  • $15,800
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Ali to purchase wood for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010