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Ali
Ali is a 45-year-old married man living in Nabatieh, Southern Lebanon, with his wife and four children. Ali is a specialized table carpenter, which he believes is an art in itself. Ali is recommended for his high quality of work as a carpenter and designer by many furniture showrooms. This is Ali’s fourth cycle with Al Majmoua with a good repayment record.

Ali has requested a loan from Al Majmoua in order to buy extra wood to increase his designs and income. At the same time, Ali believes that he has to stay up-to-date with global designs to capture new customers and maintain his level or advance to a better one. He hopes to be known all over Lebanon and improve his machines 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

  • $5,900
    Average annual income
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to buy extra wood.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2010
Listed
Jul 23, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011