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Ali

Update on Ali

Ali is a married father of two children, whom he works hard to improve and secure their living conditions.
He lives in a conflict zone, but he is working hard to keep his business improving and his family in a good living.
His shop's location is very attracting to new customers, but just like any business, Ali needs an external support to increase his business income and develop it through adding new released products.

Today, Ali is requesting a loan from Kiva's field partner Al Majmoua to increase his stock with special seasonal fruits and vegetables at good prices and with special offers.

He is working hard to start wholesale trade but he needs more capital to take this step forward, and hopes that the conflict in his region will be solved soon.

Previous Loan Details

Ali is a 56-year-old married man who has two children for whom he works hard to improve and secure their living conditions. Ali sells fruit and vegetables. His trade is going fine but such a business needs daily care to ensure his products are healthy and fresh. Good quality products are what di... More from Ali's previous loan »

Additional Information

More information about this loan

This loan is part of Al Majmoua’s efforts to help individuals living in parts of Lebanon that are affected by ongoing conflict and war. Businesses in and around Tripoli and Bekaa face numerous security challenges and have experienced decreased turnover. By supporting this loan, you will help strengthen microbusinesses in an area of conflict and political instability.

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,824,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,000 helped Ali to increase his stock with new season fruit and vegetables.
83% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
N/A