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Ali
Ali is a 47-year-old man who lives in Nabatieh, southern Lebanon, with his wife and their seven children. Ali has owned a butcher shop for nineteen years. He requested a loan of $2,000 from Al Majmoua in order to start a new business, a bakery. This is the first time that Ali has requested a loan.

Ali's first business is a butcher shop. He is special in this work because he has good meat. His clients come from around his region. When he first started his business, he didn’t have enough start-up capital. He decided to start a new business because he wanted to improve his family's financial situation. In the future, he plans on expanding his business and starting the new bakery.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,166,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ali to open a bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 3, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010