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Ali is a 42-year-old entrepreneur from Lebanon. He is married and has five dependents living with him. He has owned a store for polishing cars for more than 20 years. His customers include friends and other community members who have come to know him through his work over the past two decades. He says that he is very proud of the quality of his work and he believes that his extensive experience is what distinguishes him.

He is requesting a loan of US$ 2000 from Kiva partner, Al Majmoua. He plans to use the loan to invest in polishing equipment and supplies. In the future, Ali hopes to further expand his business and provide greater support to his family.

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
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to invest in polishing equipment and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 4, 2010
May 10, 2010
Currency Exchange Loss:
Jun 15, 2011