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Ali
Ali is a 25-year-old, single man, who works hard to support five other members of his family. Ali studied accounting in a technical school, but unfortunately he couldn't find a suitable job that can fulfill his family's increasing needs. That is why in 2011 he established his own mobile phone shop after working for one year in the field; he found that he is capable of managing his own business. Ali is acquiring a YOUTH loan from Kiva's field partner Al Majmoua to increase his business merchandise with newly released mobile phone accessories and prepaid cards, which will increase his sales and develop both his business and his family's living conditions. Ali is working hard to keep on developing his business in a well-managed way in order to start selling computers and their accessories.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    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 business merchandise with new released mobile phone accessories and prepaid cards.
80% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
N/A