Total loan: $1,500


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, , Lebanon / Retail

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A loan helped to purchase new stock .

Ali's story

Ali is a 40 year old married man with four children. He works as a perfume-seller and also sells clothes. He has been in this business for approximately four years. He considers his business the most important thing he has, and wants to develop it in order to increase his income. He aspires to secure a good future and a comfortable standard of living for himself and his family. He lacks the financial capital to be able to increase his income. With this loan he wants to purchase new stock and attain the financial support necessary to face the competition his business is exposed to. He is ambitious and his business is distinguished by his precision in his work, and his good prices. He has good credit history with al-Majmoua and the last loan helped improve his shop and increase his stock.