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Ali
Ali is a 31-year-old single man who has been working in the car wash business since 2000. He stills enjoys his business and is willing to improve it more and more each day, which is why he requested a loan from Al Majmoua. He would like to buy a special dry cleaning machine that cleans the cars' furniture and seats quickly and perfectly.

Ali is a man with a good reputation. He had obstacles when starting his business since he didn't have a good number of clients to cover his expenses, but now he's well known and his income is almost fine. This is Ali's first experience with microfinance and he hopes it will be a good start for future expansion plans.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali to buy a new, improved dry cleaning machine for car interiors.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2011
Listed
Jul 14, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 29, 2012