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Ali
Ali is a 25-year-old married man from Lebanon. He is living with his wife. He has been running a home painting business since 2004. His clients have been people from his region and its surroundings. Ali says that he is committed to his work and proud of his experience. He says that cash has been a challenge to purchase the needed tools and paint for his business.

Ali is requesting a loan from Kiva's partner, A. Majmoua. He plans to purchase a car for his business that will help him travel to his clients. He hopes to further expand his business in the future by opening a home painting company.

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
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ali to purchase tools and paint for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2010
Listed
Jun 11, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012