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Ali is a 24 year old man who lives in Tyre, southern Lebanon, with his wife and their child. Ali has been working as a mason since 2006. He requested a loan of US $500 from A. Majmoua in order to purchase tools for his work. This is his third loan cycle and he has always paid on time.

His previous loan helped him improve his business, as well as his financiA. situation. Ali is speciA. in his work because he does it well. His clients are his friends and neighbors. When he first started his business, Ali didn’t have start up capitA.. In the future, he plans on expanding his work.

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
  • 126
    View loans »
    Lebanon Loans Fundraising
  • $16,605,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Ali to buy construction tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 20, 2009
Jul 1, 2009
Currency Exchange Loss:
May 15, 2010