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Ali
Ali is a 33-year-old man who lives in Tyre, southern Lebanon with his wife and their two children. Ali has been selling home products since 2005. He sells batteries, bulbs, and other things. He decided on doing this business because he took over his friend’s business. Therefore, the shop already had its own clients and was known in his region, which allowed him to not face lots of difficulties when he became the owner of the place. This is the first time he has requested a loan from A. Majmoua. With his loan, he plans to purchase merchandise for his shop to increase his sales, and repair the car he uses in his work to transport tools from the shop to different work places.

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
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Ali to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011