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Ali
Ali is 30 years old and married. He lives with his wife and two kids in Bint Jbeil. Ali owns two businesses to provide for his family. He owns a generator which he uses to supply the people in his village with electricity when there is no government-supplied electricity which is a major problem in Lebanon. Ali also owns a barber shop.

Ali has 16 years of experience in both business ventures. He is well-known in the region and loved by his friends and neighbors. Ali is requesting his third loan from Al Majmoua to buy a car (Renault Rapid) that is necessary for his business. He will use his car to transport cables and generator parts to maintain his generator. He may also use his car to transport products for his barber shop such as shampoo, hair gel, or chairs.

Ali’s previous loans have helped to improve his family’s situation and he hopes to provide his kids with the best education ever.

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
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • 1,501.1
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ali to buy a car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Apr 7, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2012