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Ali
Ali is a 28-year-old man who lives in Bint Jbeil, southern Lebanon, with his wife and their three children. Ali has been working at furniture repair for almost ten years now. He also sells furniture, but it is usually used furniture that he repairs and then sells later on.



Ali decided on doing his business because he learned it when he was young and gained lots of experience. He also said that he is creative and always follows furniture fashions, that’s what makes him special. When he first started his business, he had to face some financial issues since the price of the thread and machines is expensive.



Ali requested a loan from Al Majmoua in order to purchase new thread and repair one of his sewing machines for his work. This is his second loan and he has always repaid on time. His clients can be anyone from his region. He also has attractive and competitive prices because he wants to keep on increasing his networking and grow his client base.

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

  • $15,800
    Average annual income
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • 1,504.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to purchase new thread and repair one of his sewing machines for his work.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2010
Listed
Jan 20, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011