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Ali
Ali, a 32-year-old man who lives in Bint Jbeil, southern Lebanon with his wife and their two children, has owned a barber shop since 2000. When he first started his business, he had difficulty finding the proper place to open his shop. He decided to work as a hairdresser because he had gained experience in his previous work. In the future, he plans to keep on improving his work.



This is his third loan cycle and he has always paid on time. His previous loans helped him to purchase tools for his work as well as improve his barber shop. Ali is now requesting a loan from Al Majmoua in order to purchase an electric motor and a washing chair for his salon.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • 1,498.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Ali to purchase an electric motor and washing chair for his salon.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011