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Ali
Ali is a 21 years old, single and lives in Tyre, where he has made a living by selling clothes since 2005. He sells items to men, women and children and works hard to keep his customers satisfied and meet all of their clothing needs in one place. He takes pride in low prices and is applying for this loan from Kiva Partner Al Majmoua, where he has a good credit rating, to buy summer clothing to sell to his customers. He is working hard to expand his store and eventually open a larger one 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

  • $15,800
    Average annual income
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    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 buy summer clothing to sell to his customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 22, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012