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Ali
Ali is a 26-year-old man who lives in Bint Jbeil, southern Lebanon. Ali has been selling used cars since 2006. When he first started his business, he had some financial issues with purchasing cars. Ali decided on doing his business because it allows him to increase his income and because he had experience in car trading. He requested a loan from Al Majmoua in order to purchase a car. This is his second cycle and he has always paid on time. Ali is special in his work because he does it well. His clients are people from his region. 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
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • 1,504.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ali to purchase a car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2009
Listed
Dec 14, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011