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Ali
Ali is a 34 year old man who lives in Saida, southern Lebanon, with his wife and their two children. Ali has owned a restaurant since 2002. He sells chicken and chicken sandwiches. Ali requested a loan from A. Majmoua in order to purchase chicken for his restaurant. This is his fourth cycle and he has always paid on time. His previous loans helped improve his work by enlarging his restaurant and offering new platters.

Ali is speciA. in his work because he knows how to cook his chicken and he is known for that; apparently, he has a sort of a secret homemade cooking recipe for his chicken which gives it a speciA. taste and that’s why his clients like going to his restaurant. His clients are his friends, neighbors and others. Ali decided on this business because he learned it when he was young with his uncle. In the future, he plans on improving his business and maybe opening a second restaurant.

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
  • 83
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to purchase chicken for his restaurant.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 11, 2010
Listed
Jan 8, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011