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Ali
Ali is a 29-year-old single man who is financially responsible for three members of his family. He quit school at the intermediate level in order to take up a profession as a barber. He opened up his own barber shop a year ago, and after facing some difficulties when it first opened, Ali's shop is going the way he always dreamed it would.

Ali is an ambitious man who believes in taking advantage of all opportunities. He acquired a YOUTH loan from Kiva’s field partner Al Majmoua to buy an air conditioner, a laser and a steam machine for his barber shop. In the future, he hopes to grow his business and become more financially stable.

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

  • $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 $1,500 helped Ali to buy an air conditioner, a laser and a steam machine for his barber shop.
53% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
N/A