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Ali
Ali is a 59-year-old husband and father of two who loves his very supportive family. He possesses three decades of experience repairing electronic appliances and selling them along with video games and CDs, and he is perpetually driven to find ways to increase revenues so that he can keep up with these difficult economic times. Ali’s previous loan from Al Majmoua helped to improve his business. He is now seeking another loan to purchase new electronic appliances, video games, and CDs.
View original language description ↓
علي في عمر 59 سنة يعمل في تصليح وبيع الأدوات الكهربائية والعاب والاقراص المدمجة
له في عمله 30 سنة متزوج وله ولدان له تاريخ مع المجموعة حيث كان يلقى الدعم من العائلة واستطاع القرض ان يحسن
من وضع عمله يريد من خلال طلب قرض من المجموعة الى شراء العاب جديدة واقرص مدمجة وأدوات كهربائية يحب عائلته ويطمح دائما الى زيادة مدخوله حيث يصبح قادر على متابعة الحياة الاقتصادية الصعبة

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
  • 81
    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 $2,000 helped Ali purchase electronic appliances, video games, and CDs for shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Dec 9, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012