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Ali
Ali is a 27-year-old man who lives in the Bekaa with his wife and their four children. He has been working as a car electrician.

Ali requested a loan of 1,500 US dollars from Al Majmoua in order to purchase tools for his work. This is the first time that he has requested a loan.

Ali is special in his work because he does it well. His clients are his friends, neighbors and people from his region. When he first started his business, he didn’t face difficulties. He decided on doing his business because he likes his work and he also wanted to improve his financial situation. 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

  • $5,900
    Average annual income
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,295,425
    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 tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2009
Listed
Sep 8, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010