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Ali
Ali is a 41-year-old married man and father of four lovely children. He has owned a grocery store since 1996. He is well known in the region and most of his clients are from the village. Ali is a hard worker, he does so in order to provide a secure and healthy life for his family.

Ali has had four loans from Al Majmoua (a Kiva partner) and is a borrower in good standing. All his previous loans had a good impact on his business and family's social and financial situation.

Currently he is requesting a loan in order to increase his business capital with summer special offers on soft drinks and ice cream.

He hopes to improve his business more and more and to own a big Internet cafe 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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to increase his summer season's capital through offers such as soft drinks and ice cream.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2011
Listed
Jun 6, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012