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Ali is a 38-year-old married father of three children, living in a village in the Bekaa valley. He drives a small "pick-up" around his village, transporting construction materials, which is how he has been earning his living for the past 20 years. His wife is unemployed, meaning that Ali is the only financial provider of the family. His children are enrolled in a private school, which means that he has to cover the tuition fees on top of all the other family expenses.

Ali contacted Al Majmoua and decided to acquire a loan because his small truck has not been functioning properly recently. Without his truck, he will not be able to achieve his daily missions, meaning that maintaining his truck is crucial. The loan will financially support him with these costs. As for the future, Ali wishes to expand his business.

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.

About Lebanon

  • $15,800
    Average annual income
  • 126
    View loans »
    Lebanon Loans Fundraising
  • $17,359,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,300 helped Ali to do necessary maintenance on his truck.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 17, 2013
Jul 18, 2013
Currency Exchange Loss:
Aug 17, 2013