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Ali
Ali, age 40, has worked in construction since 1994. He specializes in pasting and polishing tiles and also offers painting services. He is a hard worker and a very kind father who works hard for his children's happiness and satisfaction. He and his wife have four children.

In addition to his construction business, Ali has been a partner in a bakery. Recently, he bought out his partner and now needs to do necessary maintenance to his new business. He is confident that this step will have a significant and positive effect on his family's situation.

Through a requested loan from Kiva partner Al Majmoua, Ali will buy new machines and an improved wide oven in addition to purchasing necessary raw materials.

Ali hopes to expand both businesses in a very strategic way, and to gain and preserve his customers' trust.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,622,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Ali to buy new new machines for his bakery and raw materials for his construction business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 26, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013