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Ali
Ali is a 37-year-old married man, living in Tayouneh with his wife and three children. Ali has worked as a middleman since 2004, with 15 years of experience dealing with apartments, land and real estate. Ali is requesting his second loan from Al Majmoua, in order to buy a car necessary for his work. Ali is known as an honest, smart and courageous man and is well known among most of his neighbors, clients and contractors. He is also an experienced electrician, still working in this field upon request. Ali hopes to open a brokerage office in the south of Lebanon, which would be a good investment for him.

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
  • 99
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    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 a car necessary for his work.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 27, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012