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Ali
Ali is a 42-year-old married man and the father of two children. He has worked in water distribution since 1999. His business is very important in his region since most of the Lebanese suffer from the loss of water these days.

Ali also transports water to irrigate agricultural lands.

This is Ali's 12th loan cycle as an Al Majmoua borrower. He has an excellent history of paying back his loans. His previous loans helped a lot in improving both his business and his personal living conditions.

Ali is applying for a loan from Kiva partner Al Majmoua in order to change his tractor's tire to keep it working in a very good condition.

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

  • $15,800
    Average annual income
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    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 change his tractor's tire.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 8, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013