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Ali is a 59-year-old married man and the father of two children. He has been working as a butcher for 25 years and enjoys his work. Ali is well known in the region for his good reputation, hardworking personality and devotion to his family.

To improve his business, Ali is requesting a loan from Kiva partner, Al Majmoua, for the second time. He will use the loan to buy a new refrigerator to keep his meat in, plus a new meat-mincing machine to provide customers with good quality products. He might also hire an employee to help in responding to customers' needs faster. His previous loan had a good impact on both his social and financial situations. Ali might also expand his business by starting a snack area in his shop, which might lead to a small restaurant 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
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    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 buy a new refrigerator and a machine to mince meat.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 17, 2011
Jul 15, 2011
Currency Exchange Loss:
Nov 15, 2012