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Ali
Ali is a 31-year-old single man who has earned a living by selling fruits and vegetables for the last 21 years. He was very young when he started working because he needed to help his parents make a living. He missed having a childhood and has not married because he wants to make sure that his income can cover all of his future family's expenses.

In 2000, Ali opened his own shop and is doing really well. He hopes to expand it so that he can make plans for his future. He is a hard worker with a good reputation, and puts a lot of effort into satisfying his customers and winning their loyalty. He is requesting a loan from Kiva partner Al Majmoua to buy more fruits, vegetables and special seasonal products to sell to his customers. This is his second loan from Al Majmoua, and he paid his first one back completely and on time.

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
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    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 fruits, vegetables and seasonal items to sell to his customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013