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Ali
Ali sells paint in the region of El Ain in Bekaa. He is a 52 year old married man with 2 children. Ali is at a turning point in his career where he needs to enhance his business. He wants to offer a larger variety of paint, brands, colors etc. to his clients. Ali is an entrepreneur who always seeks improvement.
This is the third time Ali has requested a loan from Al Majmoua. He has a good history of on-time repayments.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ali buy paint containers for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 19, 2007
Listed
Nov 2, 2007
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2009