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Ali
Ali is a 24-year-old single man, working in agriculture for the past six years. Ali is a hard worker; he loves his business and works hard to improve it. Ali farms other people's fields. He fertilizes them and works hard to make them productive. He sells the crops in wholesale markets after he pays what’s requested from the owners of the land. Most people who own land find it hard to harvest and plant their own fields, which makes Ali's services in high demand.
He is requesting a loan from Al Majmoua in order to buy the necessary fertilizers and agricultural chemicals for his business. He prefers to buy these supplies in large quantities, because that brings down the price.
Ali hopes to own his own land in the future, because then he would be able to keep more of the profits and not pay the landowner.

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
  • 80
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    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 the necessary fertilizers and agricultural chemicals.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2011
Listed
Oct 25, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012