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Ali has been selling fish for 15 years. He is a 50-year-old man who lives in Nabatieh, southern Lebanon with his wife and their child. Ali sells good quality, clean fish. His clients are his friends, neighbors and people from his region. Ali took on his father’s work; therefore, he didn’t face a lot of difficulties since he was already known by the public and had a client base.

Ali has been a microcredit client for five years now and has always repaid on time. His previous loan helped him diversify his merchandise and expand his stock. Ali requested a loan from Al Majmoua in order to purchase merchandise and repair one of his fridges. In the future, he plans to keep improving his business to increase his income.

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
  • 44
    View loans »
    Lebanon Loans Fundraising
  • $19,495,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to purchase merchandise and repair one of his fridges.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 1, 2009
Dec 13, 2009
Currency Exchange Loss:
Jan 15, 2011