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Ali
Ali is a 66 year old man who lives in Saida, southern Lebanon with his wife and their three children. Ali has owned a grocery store for nineteen years. Ali requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise. This is his third cycle and he has always on time.
Ali is special in his work because he knows how to treat his client. His clients are family members, friends and neighbors. When he first started his business, he didn’t have a lot of cash, as well as not a lot of passer-bys. Ali decided on doing his business because he used to work as a furniture painter but he didn’t like it and he also wanted to have an independent 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
  • 125
    View loans »
    Lebanon Loans Fundraising
  • $16,262,350
    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 merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2009
Listed
Aug 19, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010