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Ali
Ali has owned a barber shop since 2006. He is a 27-year-old man who lives in Bint Jbeil, Southern Lebanon. Ali does his work well and is knowledgeable about new haircuts. His clients are people from his region. When he first started his business, he had some financial difficulties. Ali decided on this business to use his experience.

Ali requested a loan from Al Majmoua in order to purchase air conditioning and repaint his shop interior to make it more attractive. This is the first time that Ali has requested a loan. 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

  • $15,800
    Average annual income
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ali to purchase air conditioning and repaint his shop interior.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2010
Listed
Jan 21, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011