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Ali

Update on Ali

Ali is a 53-year-old married man and a father of five children. Ali has raised livestock and sold their milk for the past 26 years. He is an expert in his business and most meat dealers visit him because of the good quality they receive. Ali is a hard worker and a man with a very good reputation.

Ali is requesting a loan from Kiva partner Al Majmoua for the same reason as his previous loan request, to prepare his business for the autumn/winter season. He wants to buy a large quantity of livestock food at special prices. In addition, he wants to rent agricultural lands to cultivate with special plants. Ali is an expert in his domain and he hopes to keep improving his business as much as he can through expanding his livestock working area.

Previous Loan Details

Ali is a 52-year-old married man and a father of four children. Ali has raised cattle and sold their milk for the past 25 years. He is an expert in his business and most meat dealers visit him because of the good quality they get. Ali is a hard worker and a man with a very good reputation. ... More from Ali's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Lebanon

  • $5,900
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,855,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to buy necessary food for his livestock for the winter season.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014