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Ali
Ali is a 29-year-old married man and father of two children. He has been the owner of a grocery store for six years. His store is well known in the region because he works hard to keep it filled with all his customers’ requests.

He is a hard worker. He has been an Al Majmoua borrower for three years with a good standing history and his previous loans helped a lot in expanding and improving his business.

Ali is requesting a loan from Al Majmoua, in order to expand his shop with a special brick tent with glass windows to widen the space and to increase the quantity of products he is purchasing. This will help to increase his income.

Ali hopes to stay ready to reply to most of his customers’ requests. He also hopes he can expand his business more and more 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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    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 expand the width of shop and increase the quantity of products he sells.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2011
Listed
Oct 24, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013