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Ali
Ali is a 29-year-old married man and father of one child. He has been working in motorcycle maintenance and selling spare parts since 10 years ago, with no competitors in his region. Ali is an expert in his domain and recommended by his customers.

To improve his living and increase his income, he bought a school bus to work on it early in the morning and in the afternoon to transport students from/to school to nearby villages. He has paid most of its price, but he needs a little amount to pay the rest, so he applied for a YOUTH loan from Kiva's partner Al Majmoua. He hopes that one day he can open a motorcycle-selling company with a wide showroom.

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
  • $15,000,325
    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 pay for his new school bus.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
May 21, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014