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Ali
Ali is a 21-year-old married man who has been working at selling chicken for the past 12 years. Ali was only 9 years old when he started working to help his parents in making their living. His childhood was not impressive, and that is why he opened his own chicken-selling shop in 2008.

Ali is applying for a Youth Loan from Kiva partner Al Majmoua in order to buy the necessary machines requested for his business, including a new, large refrigerator and a new, special chicken-cutting machine, and to perform necessary maintenance on the existing machines and to paint the shop's walls.

Ali is very excited about this loan, since this is the first time he has applied for such a service, and he is willing to invest in a well-managed way.

He hopes to continue expanding his business as much as he can to provide his family with the best living ever, unlike his own.

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
  • 42
    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 buy new machines requested for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014