Update on AliAli is a 33-year-old married man and father of one child. Over a period of 15 years, he has developed a wide experience in the electronics sales and repairs’ business. Two years ago, Ali decided to open his own shop, selling used electric parts, televisions, and power supplies, while offering repairs and satellite installation services.
Ali is applying for a loan from Kiva’s partner, Al Majmoua, with which he will buy merchandise for his shop, mainly power supplies, satellite dishes, and channel receivers. Though his business start-up was challenging due to lack of capital, Ali is optimistic about his future. He intends to expand his business further and increase his range of offerings.
Previous Loan DetailsAli is a 32-year-old married father of one child. For the past year and a half, he has been running an electronics retail business, selling and repairing used electronics, television and satellite parts. Ali developed his skills and experience mainly with the help of his family and brothers. S... More from Ali's previous loan »
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
Concurrent and Successive Loans
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Success!! The loan was 100% repaid
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Feb 18, 2013
- Mar 22, 2013
- Currency Exchange Loss:
- Jun 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.