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Ali
Ali is a 47-year-old married man and father of two children. He has owned a shop for car maintenance specializing in balancing and changing oil since 2002. He has 35 years of experience in his business, which provides him with the customers' trust and support. His work is his only source of income, which is why he works hard to improve it. He has been an Al Majmoua borrower for five cycles with a good pay back history.

Ali is applying for a loan from Kiva's partner Al Majmoua to buy new, improved tools for his business and more oil.

He hopes to keep on expanding his business and providing his family with a happy life.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,600 helped Ali to buy new, improved tools and more oil for his business.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
N/A
Expired:
Dec 12, 2012