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Ali
Ali is a 35-year-old, married father of one child. He has been working in construction, specializing in painting work, since nineteen years ago. He was only fifteen years old when he started this kind of work. Because he had to help his family in covering their expenses, he had to quit school during his intermediate studies.

Ali is working hard to improve his family’s living, and his painting business isn’t good enough to cover the unexpected needs that have arisen. So he thought of starting a new, extra business, which he believes will provide him with a good income throughout the whole year. His existing painting business is almost seasonal; his high season is during summer, and he barely works during the autumn and winter seasons.

For his next step, Ali is acquiring a loan from Kiva partner Al Majmoua. He will use the loan to open a computer shop, where people can come to play games and to access the Internet, for projects and entertainment. His future plan is to expand his current and newly-established businesses.

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.

Tags

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 $1,000 helped Ali to start a new business providing Internet access and computer games, to increase his income and improve his family's living.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014