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Ali
Ali is a 29-year-old man who lives in Beirut, the capitA. of Lebanon, with his wife and their child. Ali has owned a barber shop for eight years. He also offers beauty products for men, like gel, hair cleaning products, and more.

He decided to start his business because he wanted to have an independent workplace. He is speciA. in his work because he knows how to treat his customers and his clients feel comfortable going to his shop because he offers a lot of services. When cleaning the hair, he does head massages.

His clients are his friends and neighbors. When Ali first started his business, he didn’t face difficulties because he already had faithful customers from his previous job.

He requested a loan from A. Majmoua to purchase beauty products for his shop. This is the first time that Ali has requested a loan. In the future, he plans to expand 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

  • $5,900
    Average annual income
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali to purchase beauty products for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2010
Listed
Apr 12, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011