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Ali
Ali is a 24-year-old single man who has been working in the mobile phone selling business for 11 years. He was only 23 years old when he started working to make his own living. In 2011, Ali opened his own mobile phone selling shop, and he is developing it gradually to fulfill customers needs. Ali is applying for a YOUTH loan from Kiva partner Al Majmoua in order to increase his business merchandise with newly released mobile phone accessories and prepaid cards.

Ali will work hard on expanding his business and will put much effort on attracting customers' attention through offers and new technologies.

Additional Information

More information about this loan

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

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
  • 57
    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 $2,000 helped Ali to increase his business merchandise with newly released mobile phone accessories and prepaid cards.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013