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Ali
Ali is a 22-year-old single man, who works in preparing and selling special perfume scents at his house fo the last fifteen months. He is also employed in a security company to improve his living and increase his income.
Today, Ali is acquiring a YOUTH loan from Kiva partner Al Majmoua, to complete necessary maintenance to his car and sell it to start trading cars as an additional income business.
Ali is a hard worker, with a very good reputation in his domain. He will work hard to develop his own businesses through opening a wide perfume production and selling shop and in addition to develop his car selling business so he can stop being employed in a security company and focus on his own established businesses.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 84
    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 make necessary maintenance to his car and sell it to start trading cars as an additional income business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2014
Listed
Feb 22, 2014
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015