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Ali
Ali is a 31-year-old married man and the father of one child. He has worked as a barber for ten years now, and he is talented in his field, with a special emphasis on customer service. His three previous Kiva loans helped him significantly improve his business tools, machines and decor.

Today Ali is applying for his fourth Kiva loan, with which he will expand his services by dividing his shop into two businesses: the barber shop, plus a new business selling mobile phones for additional income. Ali hopes to stay up to date with new products for both businesses. One day, as his business grows, he hopes to open an international call center, a profitable business in his area.

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
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,606,275
    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 open a mobile phone business next to his barber shop.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014