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Ali
Ali is a 36-year-old man, married and father of three, who works in the clothing business. He lives in Bint Jbeil and has eight years of experience. His sells clothes by traveling with his van between villages. Ali is committed to his work and loyal to his clients.

This Ali's third loan. He reports that the previous loans helped him increase his income. He is requesting a loan from Al Majmoua in order to increase his capital. In the future, he wishes to expand his business and start selling wholesale.

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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $16,124,850
    Funds lent in using Kiva
  • 1,504.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ali to buy new spring and summer collection in good prices.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2011
Listed
Apr 11, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013