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Ali
Ali is a 42 year old married man living in Nabatieh with his wife and child. Ali works selling fruits and vegetables in his van, travelling from one town to another. His clients wait for him every day; they know his time to pass by so they expect him every day. His clients say that the quality he sells is perfect and that’s why they wait for him from every day. Ali has 18 years of experience in this field; he’s requesting a loan from Al Majmoua, in order to renew his van, because it’s his essential source for living. He hopes to open a big market for selling fruits and vegetables 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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    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 renew his van.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 25, 2010
Listed
Nov 24, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 22, 2011