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Ali
Ali is a 24-year-old single man. He has owned a special tannour bread bakery since January 2011, having had seven years of experience in this field. Tannour bread is made in a clay oven called a tannour. This technique is still being used in some traditional bakeries, just like the one Ali owns, and that's what gives his business a special place among competitors.

Ali is a hard worker, and he works his best to improve his business as much as he can. He plans to make a small happy family in the future, but today all he is looking forward to is expanding his business as much as possible. To do this, he has asked for Kiva partner Al Majmoua's help, requesting a loan in order to buy the necessary flour and diesel for his business at the special price he can get by paying his bills in cash.

Ali is planning to expand the business and to add a special menu to his business.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to buy flour and diesel necessary for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Dec 20, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013