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Ali
Ali is a 37 year old man who lives in Tyre southern Lebanon with his wife and their two children. Ali has been working in construction since 2004. When he first started his business, he didn’t have enough cash to purchase all the needed tools. He went into this business because he wanted to be financially independent. His clients are his friends and neighbors.

He requested a loan from Al Majmoua in order to purchase tools and machines for his work. This is the first time that he has requested a loan. In the future, he plans on improving his business by purchasing more sophisticated tools.

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
  • 64
    View loans »
    Lebanon Loans Fundraising
  • $15,645,775
    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 tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011