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Ali
Ali is a 21-year-old single man from Lebanon. He is living with his parents and seven siblings. In 2009, in order to supplement the family's income, he decided to start his own business. His job consists of distributing tobacco. He works on a free-lance basis and wishes to open his own shop. He has a wide range of clients asking for his products.

This is why he's asking today to borrow a youth loan from Kiva partner Vitas s.a.l. to prepare the legal registration papers that will allow him to open his own shop. This will certainly increase the demand for his products and facilitate his work as well; especially since it wouldn't be necessary for him to visit his customers at their places. In the future, he plans to take more Kiva loans and expand his business as much as he can.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. 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. 

Important Information

Due to political and social challenges in Lebanon, personally identifiable attributes of this entrepreneur may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.

About Lebanon

  • $5,900
    Average annual income
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    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 prepare the legal registration papers that will allow him to open his own shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2013
Listed
Feb 18, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014