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Ali
Ali is a 24 year old single man from Baalback, Ali has owned an Internet Cafe since 2008. This service is becoming popular, in his region, and he has to improve his business to adapt more customers.

Ali is requesting a loan from Al Majmoua for the first time. In order to improve his business, he will increase the number of computers at his cafe, buying necessary UPS connection, and useful hardware. Ali is planning to expand his business and hopes to open a new branch of his business. He hopes to stay updated and attractive his clients. Many of his clients are friends, relatives and neighbors.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    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 increase his computers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012