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Ali
Ali is 30 years old and married with one child. He owns a banana warehouse. He has six years of experience in this line of work, and his is the only business of its kind in his community. Unfortunately, he doesn't have the resources to make the changes necessary to his business which would help him increase his monthly income. He wants to increase his income in order to be able to provide his children with a better upbringing, and to improve his and his family's material situation. Increasing his income would also help him to improve his family's social status, as well as his business. He has a good history with al-Majmoua, and his last loan helped him to improve his business. With a loan from al-Majmoua, he would like to expand his banana warehouse and also wants to open a new restaurant. By doing this, he should be able to increase his monthly income. He is always thinking about how he can better look after his family's welfare in an attempt to secure a good future for all his family members.
علي عمره 30 سنة متزوج وله ولد يعمل في مخمر لبيع الموز بالجملة له في عمله 6 سنوات يتميز بالنفراد في محيطه بهذا العمل ولكن ما ينقصه هي المادة لزيادة مدخوله الشهري حتى يتمكن من تربية اولاده بشكل افضل وتحسين وضعه ووضع عائلته المادي والاجتماعي وتحسين عمله له تاريخ جيد مع المجموعة وقد ساهم في تحسين العمل يريد من خلال طلب قرض من المجموعة الى توسيع مخمر الموز وفتح مطعم جديد حتى يتمكن من زيادة مدخوله الشهري دائم التفكير بعائلته حتى يتمكن من تأمين مستقبل جيد لهم

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ali to expand his banana warehouse .
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2011
Listed
Apr 18, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013