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Ali
Ali is a 57-year-old borrower from Lebanon. He is married and has four children. He has more than 30 years of experience as a car mechanic. He says that his services are very good, as well as his work. He is proud of his extensive experience and honest work. He has been able to serve a wide range of clients, mainly people from his region. He decided on doing his work because he wanted to have an independent job since he prefers working on his own and wanted no need to depend on anyone.

Today, for the fourth time, he has requested a loan from A. Majmoua, a Kiva partner, to purchase tools for his work, as well as pay his children's school tuition fees. His previous loans allowed him to improve his work and purchase more sophisticated tools. He hopes to further expand and enhance his business in the future.

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
  • 142
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    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 tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Jun 14, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011