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Ali
Ali is a 54-year-old married man, father of three children. Ali has been working in the agriculture business for 22 years. He enjoys this business very much and works on improving it all the time.

Ali is applying for a loan from Kiva partner Al Majmoua, in order to increase his store of food for his cattle for the winter season. He will also invest part of the loan in his son's wedding expenses. He is very excited about this wedding and hopes to be capable of helping all of his children in their future.

This is Ali's first experience with Al Majmoua, and he hopes that the future ones will expand his business more and more.

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
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    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 increase his store of food for his cattle for the winter season.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 28, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013