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Ali
Ali is a 40-year-old man who lives in the Bekaa with his wife and their eight children. Ali has been selling fruits and vegetables for two years now. He sells iceberg lettuce, tomatoes, cucumbers, peppers, radishes, potatoes, apples, oranges and more, depending on the season. He is speciA. in his work because his clients feel comfortable buying from him since he sells good quality merchandise. His clients are friends, neighbors and people from his region. He decided to open his shop because it was well-located; it is demanding work. He requested a loan from A. Majmoua in order to purchase fruits and vegetables. This is the first time that he has requested a loan.

In the future, he plans to keep on improving his work by diversifying his merchandise and to start offering more exotic fruits, depending on the season.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    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 fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2010
Listed
Mar 5, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011