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Ali
Ali is a 41-year-old married father of six. He is their sole breadwinner in addition to his wife's needs.

Ali works in a car washing company since 2009. This is his only source for living. He is applying for a loan from Al Majmoua to pay for the necessary maintenance of his car which facilitates his transportation. This loan is very important to him and for his family's needs.

He hopes that one day he will be capable of starting his own business, which will improve his socioeconomic situation.

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
  • 75
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Ali to pay for car maintenance.
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 1, 2013