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Ali
Ali is a 57-year-old married father of two. He has worked in a body shop since leaving elementary school in order to help support his parents.


Ali began working in his current establishment in 2011. He is well known in his area for his expertise and good reputation. Business is good.


Ali is applying for a 1,500 USD loan through Kiva’s partner Al Majmoua to buy tools necessary to his trade so he can respond more quickly and effectively to customers' needs and requests.


Ali is working hard to make sure that his children won't face the obstacles and impoverished childhood he had. He is growing his business as quickly as he can to make sure he can provide them with a secure future.

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

  • $15,800
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to buy tools necessary to his trade.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2014
Listed
Jan 28, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015