Ali has been working at furniture making for 15 years, and this long experience gave him customers' trust. Ali opened his own factory in January 2011 and he is working hard on improving it. Ali's customers have big faith in him, because he started this business very early; he was very young when he learned this job which gave him a special touch.
He is requesting a loan from Kiva partner Al Majmoua, in order to buy necessary machines and tools for his business. This is Ali's first experience as Al Majmoua borrower, so he is looking forward to investing future loans in expanding his business more and more through buying updated machines.
To help with his family's income and expenses, Ali also own a school bus which he works on during the school season, and he is working hard on improving this business as much as he can.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid