Check out some available loans that are similar to this one!
Ali
Ali is a 52-year-old man who lives in Beirut, the capital of Lebanon with his wife and their six children. Ali has worked as a house painter for 35 years. He requested a loan from Al Majmoua in order to purchase paint for his work and help fund his son’s trip. This is the first time that Ali has requested a loan.
People from his region know Ali well because he is has a good reputation. His clients are people from his region. When Ali first started his business, he didn’t face any difficulties since he has a good network. He decided on doing his business because he liked it. In the future, he plans on improving 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
  • 75
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    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 paint and help fund his son’s trip.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2009
Listed
Oct 15, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010