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Ali
Ali is a 33-year-old married man and father of two children. He has been working in construction for 16 years, especially in the electricity sector.

He is a hard worker, liked by most of his customers who admire his work a lot and his good personality. Ali is a clever man who works hard to improve his business as much as he can, through updating his tools and machines.

Ali is requesting a loan from Kiva partner Al Majmoua to buy necessary tools for his business, in addition to closing his house's porch with special glass curtains to give extra space for his kids to share at home. He has received an Al Majmoua loan before, and it had a positive effect on both his social and financial situations. This time he hopes that through the requested loan, he will be capable of handling big projects requested of him. He also hopes he can provide his family with the best living ever.

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
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Ali to buy new and improved tools necessary for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013