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Ali
Ali is a 50 year old man who lives in Beirut, capital of Lebanon with his wife and their five children. Ali has been selling accessories for four years. He sells perfumes, home decoration, home products, toys etc.... He requested a loan of 1500 US dollars from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Ali has requested a loan.
Ali is special in his work because of his good reputation. His clients are his friends and neighbors. When Ali first started his business, he didn’t face difficulties. He decided on doing his business because he likes his work. 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

  • $5,900
    Average annual income
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,792,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010