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Ali
Ali is a 28-year-old married man who works as a barber for his living. In January 2003, Ali established his current business, and he is working hard to develop it as much as he can to make sure it will take care of his family's increasing needs and customers' requests.
Ali is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to buy new updated tools for his business development, and to make necessary decoration for his shop to attract new customers.
Ali is willing to keep on developing and expanding his business through diversifying his services in a very well managed way to make sure that he can improve his family's socioeconomic situation.

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

  • $15,800
    Average annual income
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ali to buy new updated tools for his business development, and to make necessary decoration for his shop to attract new customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015