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Ali
As an owner of a clothing shop since 2006 with 6 years of experience, this 26-year-old single man believes that he has achieved an important level in his business. Ali is a businessman from Bint Jbeil who started his small business at the age of twenty, and he is proud of himself.

Most of his clients are soldiers from the Indonesian Army, who believe that his clothing style suits them a lot, and that he is friendly to the utmost level.

This is Ali’s 2nd time to request a loan from Al Majmoua, and he is a man of good standing. He is requesting a loan in order to increase his capital and to put up a new glass storefront. He hopes to expand his business through opening new branches or through starting a wholesale 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

  • $5,900
    Average annual income
  • 92
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    Funds lent in using Kiva
  • 1,509.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ali to increase his capital and erect a glass storefront.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 23, 2010
Listed
Aug 21, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012