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Ali
Ali is a 40-year-old man who lives in Bint Jbeil, southern Lebanon, with his wife and their four children. Ali has owned a coffee shop. He sells all kind of coffee, teas and Nescafe. He requested a loan of 1000 US dollars from Al Majmoua in order to purchase a new coffee machine and raw ingredients. This is the first time that Ali has requested a loan.



Ali is special because he knows how to treat his clients. His clients can be anybody, but mostly his friends and neighbors. When he first started his business, he didn’t have the start-up capital. In the future, he plans to purchase an ice cream fridge.

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

  • $5,900
    Average annual income
  • 51
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali ali will use the loan to purchase a new coffee machine and raw materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009