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Ali
Ali is a 21 year old man who lives in Bourj El Barajneh, southern suburbs of Lebanon. Ali has owned a barber shop since 2006. Ali requested a loan of 1000 US dollars from Al Majmoua in order to purchase tools for his shop like scissors, hairdryer, as well as change the décor of his house. This is the first time that Ali has requested a loan.
Ali is special in his work because he knows how to treat his clients and is always aware of hair’s fashion. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. Ali decided on doing his business because of his experience since he learned it when he was young. In the future, he plans on expanding his business by opening another barber shop.

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
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $15,606,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali ali will use the loan to urchase tools for his shop like scissors, hairdryer, as well as change the décor of his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010