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Ali
Ali is a 21-year-old single man who opened an international calls shop in June, 2011. He is a hard working man who used to work as a salesman in a big mall. He insisted on improving himself and his living.

Ali applied for a Youth Loan from Al Majmoua, a Kiva partner, in order to increase his sales of prepaid mobile telephone cards. He will start selling mobile phones, too. His shop is located in a highly populated area, where most people need such a service.

Ali is planning to expand his business more and more so that he can get into the wholesale trade in the near future.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 33
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali to increase his sales of prepaid mobile telephone cards.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013