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Ali
Ali, age 63, has been selling food products for the past 21 years. Ali is a hard worker, distributing his goods from his van to almost all the grocery and convenience stores in all the nearby villages. Since he has been supplying this service for many years, he is well known in the region. He and his wife have raised one child.

Ali is applying for a loan from Kiva partner Al Majmoua in order to supplement his merchandise offerings with special-offer products that he can provide to customers at special prices or discounts.

Ali hopes to widen his wholesale trade more and more in the future.

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
  • 111
    View loans »
    Lebanon Loans Fundraising
  • $15,359,075
    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 supplement his merchandise offerings with special-offer products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014