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Ali
Ali is a 20-year-old single man who has been working in his own business in Gibson interior design decorations for the past three years. He is very talented and is recommended by most of his customers. Ali loves his business a lot which is why he succeeds in it.

Ali has applied for a Youth Loan from Kiva partner, Al Majmoua, in order to buy necessary products and tools for his business. He is already an Al Majmoua borrower: his previous loan helped a lot to improve his business and increase its capital.

That's why Ali is very excited about this requested loan. He is planning to expand his business more and more in the future and, of course, he will employ someone to help him respond to customers' requests.

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
  • 57
    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 $1,000 helped Ali to buy necessary products and tools for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013