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Ali is 34 years old and lives in Tripoli, northern Lebanon, with his wife and their three children. He owns a barber's shop where he serves friends, neighbours and others. He is successful in his work because he does a good job and has experience. In the future, he plans on improving his salon.

Ali requested a loan of $1000 USD from Kiva partner, Al Majmoua, in order to purchase tools and a new seat for his salon. This is the first time that Ali has requested a loan.

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
  • 139
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali to purchase tools and a new seat for his salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 14, 2009
Jun 1, 2009
Currency Exchange Loss:
May 15, 2010