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Ali
Ali is a 41 year old married man living in Tayouneh with his wife and two kids. Ali works as a tailor. In addition to his work, and because of the expensive financial situation everyone is passing through these days, Ali opened a small grocery store in his shop where he sells milk, coffee, chips, candies, rice, oil and water. He opened this shop in 2007, and work is going fine. Ali is requesting a loan from Al Majmoua in order to buy new textiles and tailoring tools necessary to improve his business. This is Ali's third time dealing with Al Majmoua. All his loans were for improving the business, and had a good impact. he hopes to expand his business 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
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    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 buy new textiles and tailoring tools.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012