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Ali
Ali is a 47-year-old married man, father of four children. He has been working in refining drinking water for eight years. Ali was a soldier till he retired and started his own business.

Ali is well known in the region, and this business is much requested in his region because of the high pollution level found in the water there.

Ali is applying for a loan for the first time from Kiva partner Al Majmoua, in order to buy new water bottles and refining filters for his business. This business is Ali's main livelihood, and he has to keep on updating and improving it, to keep up with his customers' demand and to keep it capable of providing his family a good income.

Ali hopes to expand his business to open another branch 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
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Ali to buy new water bottles and refining filters for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2012
Listed
May 24, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013