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Ali
Ali is a 23-year-old single man, who has been working as a barber for a long time. Ali had to quit school during his intermediate stages, in order to support his parents in their living.

In 2013, he established his own business, and he is working hard on developing it as much as he can to make sure it will provide a good income.

Today, Ali is acquiring a YOUTH loan from Kiva's field partner Al Majmoua, to make necessary maintenance and decoration to his shop to keep it attractive to current and new customers. He is working hard to keep on developing his business to improve his income, and he hopes to move to a bigger shop soon.

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.

About Lebanon

  • $15,800
    Average annual income
  • 42
    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 $1,000 helped Ali to make necessary maintenance and decoration to his shop to keep it attractive to current and new customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2014
Listed
May 17, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015