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Ali
Ali is a 58-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their three children. Ali has been selling CDs and electrical appliances for 39 years. Ali requested a loan of 1200 US dollars from Al Majmoua (Kiva's Field Partner) in order to purchase CDs, MP3s and electronics. This is the first time that Ali has requested a loan.

Ali's business stands out because he has low prices. His clients are his friends, neighbors and others. He decided on doing this business to take care of household needs. In the future, he plans to improve his work.

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
  • 36
    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 $1,200 helped Ali to purchase CDs, MP3s and electrical appliances.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2009
Listed
Jan 25, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010