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Ali
Ali is a 23-year-old single man who has worked freelance in construction since 2009, with seven years of experience in the cement field. He lives in Tyre, and is engaged. While cash flow is the major problem he faces in his work, his experience is good, and his clients like dealing with him in many different fields. Everyone who knows him believes that he’s going to have a bright future.


Ali previously dealt with Al Majmoua, which greatly impacted him. Ali is requesting a loan from Al Majmoua in order to complete building what he has started; he needs sand, pebbles and cement. Ali hopes to expand his business and to increase his income so as to improve his family’s situation as much as he can.

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
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to buy sand, pebbles and cement.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2010
Listed
Oct 11, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011