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Ali
Ali is a 23 year old man and a father of one. He has been working as a concrete carpenter for five years already. Today, Ali is requesting a loan to purchase wood for his business. This is the first time that he has requested a loan. His is planning to improve his work and expand his stock which he hopes will help him improve his financial situation. He is confident that this will help him get more projects.

Ali is special in his work because he does it well and has good experience in this domain. His clients are his friends, neighbors and people from his region. When he first started his business, he had some financial issues. He decided on doing his business because he wanted to have independent work and because of his experience. In the future, he plans on expanding 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

  • $15,800
    Average annual income
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to purchase wood for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
May 11, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 19, 2011