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Ali
Ali is a 33-year-old man who lives in Tyre, in southern Lebanon. Ali has been selling car spare parts for three years now. He also cleans cars. He has requested a loan from Al Majmoua in order to purchase tools such as a compressor and paint for his work.

Ali has been a microcredit client for seven years now and has always paid on time. His previous loans helped him improve and adapt himself with the required tools for his work. His clients are his friends and neighbors. When Ali first started his work, he had some financial issues. He decided to start his business because of his experience. 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
  • 89
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    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 tools for his work.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2009
Listed
Nov 26, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012