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Ali

Update on Ali

Ali 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 Details

Ali 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.… More from Ali's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Lebanon

  • $5,900
    Average annual income
  • 23
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Ali to buy merchandise for his shop, mainly power supplies, satellite dishes, and channel receivers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Ali. It was first posted on Kiva on Apr, 2012. Learn More