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Ali
Ali is a 28-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon, with his wife and their two children. Ali has been working as a shoe and handbag repairer since 1995. Ali is special in his work because he is the only one in his region, and also, this kind of business isn’t found much anymore. His clients are people from and outside his region; people come from everywhere since his business is rare nowadays.



Ali requested a loan from Al Majmoua in order to repair his sewing machine. This is the first time that Ali has requested a loan.
When he first started his business, he didn’t face any difficulty. He decided on doing his business because he wanted to have an independent job. In the future, he plans on improving 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
  • 109
    View loans »
    Lebanon Loans Fundraising
  • $15,359,075
    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 repair his sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Oct 15, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010