Check out some available loans that are similar to this one!
Ali
Ali is a 38-year-old married man and father of five children. He has worked as a car painter for 20 years. He is requesting a loan from Kiva partner, Al Majmoua, in order to buy used cars, fix them and trade them in order to increase his income. Ali is happy with his work and seeks perfection at all times. He is working hard to open a big maintenance garage 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

  • $15,800
    Average annual income
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,099,950
    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 used cars, fix them and trade them.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 8, 2010
Listed
Dec 3, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012