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Ali
Ali is a 54-year-old married man, father of four children, and owner of a small grocery store since 2000.
Ali is a hardworking man, with a good customer care talent. He applied for a loan from Kiva partner Al Majmoua, in order to buy a special refrigerator for the poultry he’s planning to display.
His shop is located in a very important spot on the main road and next to the school, which makes his business turn over in a very special way.
He hopes to stay capable of managing his business, to keep on providing a good living for his family.

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
  • 61
    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 $1,000 helped Ali to buy a special display refrigerator.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 29, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012