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Ali
Ali is a 53-year-old married man, the father of six children. He has worked as a car mechanic for 35 years. This long experience gave him customers' trust and support. He opened his current garage in 1997, and it is well known in the region.

Ali works hard for his family's happiness, he sacrifices his life for theirs. To provide his children with the best education, Ali requested a loan from Kiva partner Al Majmoua to pay for their school fees.

This is Ali's second experience with Al Majmoua, and his previous one was very impressive, it reflected positively on both his social and financial situations.

Ali is looking forward to improving and updating his business as much as he can in the future.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ali to pay for his children's school fees.
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:
Mar 15, 2013