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Ali
Ali is a 61-year-old married father of five children.

He has been working in a shoe-making business for 42 years. He is an expert in his business, which is his only source of income.

Ali is dedicated to his business, but because of his family's increasing needs, he couldn't afford to develop his factory and buy new updated machines.

Ali produces shoes that his machines are capable of, and he is proud of his production. He knows his market very well, and works upon request.

Today, he is applying for a loan from Kiva's partner Al Majmoua to buy leather to produce a new shoe collection.

He is anxious about this loan, and it will be his fifth cycle loan from Al Majmoua. All of his previous loans were invested in covering his business needs, and he is happy with the outcomes.

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

  • $5,900
    Average annual income
  • 83
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    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 leather to produce new shoes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014