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Ali
Ali, 42 years old, lives in Bint Jbeil, Southern Lebanon, with his wife and three children. Ali has owned a grocery store for seven years. He is requesting a second loan from Al Majmoua in order to purchase merchandise for his store.

His previous loans, that were repaid successfully, helped him improve his store by diversifying his merchandise. Ali has a prime business position with his store being located on the main street. His clients are his friends, neighbors and passerbys. When he started his business he rented the place; now he owns it. Ali decided to pursue his business because of his experience in trading. In the future, he plans on expanding his business and open a restaurant.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • 1,502.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali to purchase merchandise for his store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010