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Ali
Ali is 20 years old, single and working and living in Saida, in the south of Lebanon. For two years Ali has been operating an auto repair workshop, during which time his business has grown steadily. While he didn't have many customers to start with, he is now very popular and has a good number of clients who are his friends and neighbours. Ali is requesting a loan of $1000 in order to purchase tools and stock for his auto repair workshop, and in the future hopes to be able to buy his own workshop premises.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,824,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali buy tools & stock for his workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2010
Listed
Nov 23, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011