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Ali
Ali is a 32-year-old married father of one child. He has been working in furniture making for 15 years. In 2010, Ali opened his own workshop to improve his living conditions and to increase his income. Ali is applying for a loan from Kiva's partner Al Majmoua, to increase his business resources with extra wood and cloth. This is his second cycle as an Al Majmoua borrower and he has a good history paying back loans.
Ali's experience in this field has attracted new customers and increased his income. He is looking forward to expand his working zone to cover new villages in order to expand his business and improve his living conditions.

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
  • 72
    View loans »
    Lebanon Loans Fundraising
  • $15,017,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Ali to increase his business capital with extra wood and cloth.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013