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Ali
Ali is a 28 year old single man who opened his own business in September 2011 to make his own living.
Ali finished his university education, but he couldn't find a job that fits with his level of education, so he made up his mind to start his own business. He is working hard to expand and improve it as much as he can.
He sells perfumes, gifts, gadgets and household appliances. His prices are affordable to most of his customers, and the quality of the products he sells is good.
To keep on expanding his business, Ali applied for a YOUTH LOAN from Kiva's partner, Al Majmoua, which will help him add newly released products to his supply of merchandise. This will be Ali's second cycle as an Al Majmoua borrower. His previous loan helped him a lot in improving his business and increasing his income.
He is sure that the requested loan will help him a lot.

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

  • $15,800
    Average annual income
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Ali to add newly released products to the merchandise in his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013