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Ali is 23 years old and lives in Beirut, where he is an automotive electrician. Ali has noticed that recently many Lebanese, particularly young people, are opting to install more advanced stereos in their cars, and Ali wishes to capitalize on this trend by purchasing several models for his shop. To fund this significant investment, he has requested a loan of 1000 US Dollars from Al Majmoua. This will be Ali's third loan with Al Majmoua.

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.

About Lebanon

  • $15,800
    Average annual income
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $17,414,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali the loan will be used to help Ali purchase new stock for his auto electrical repair business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 4, 2008
Oct 21, 2008
Currency Exchange Loss:
Jan 12, 2010