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Ali
Ali is a 40-year-old man who lives in Tripoli, northern Lebanon with his wife and their two children. Ali has been producing and selling coal since 1996. He also works as a farmer. His clients are his friends, neighbors, coal shops and sometimes he also sells to restaurants and cafes. He requested a loan from Al Majmoua in order to purchase a cow to start producing dairy products. This is the first time that Ali has requested a loan.
Ali is special in his work because he is known for his good work. When he first started his business, he didn’t face difficulties. Ali decided on doing his business because he wanted to have independent 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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to purchase a cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2009
Listed
Oct 13, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010