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Ali
Ali is a 21-year-old single man who, in 2011, opened an Internet cafe in his village to entertain his villagers with educational things rather than with useless things.
Ali is a smart man, well known in his region for his special talent and services he provides to his customers. Ali applied for a youth loan from Kiva partner Al Majmoua, in order to renew his computers, buy an LCD TV and a pool table, to serve his customers and to attract them to new ideas.
This is his first experience with Al Majmoua, and he hopes that the future loans will help in expanding his business targets and expectations.

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

  • $5,900
    Average annual income
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    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 renew his computers, buy an LCD TV and a pool table.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013