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Ali
Ali is a 32-year-old married father of one child. He has been working in the transportation business for 10 years. Ali has a small bus which he uses to transport people from one place to another. This is his main source of income. He wants to establish an additional business to make sure that he is capable of covering his beloved family's needs.
Today he is acquiring a loan from Kiva partner Al Majmoua to start a new agricultural business he will develop with his father's support. His father has wide experience in this domain so Ali will develop the business in a well-managed way.
Ali hopes that in the future and through his increasing income, he'll be capable of developing both businesses and he might buy another bus.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,676,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ali to start a new agricultural business where he will develop it with his father's support.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Jan 2, 2014
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014