Funded

Total loan: $1,000
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Ali

Lebanon
Tyre, Lebanon / Services

A loan of $1,000 helped to buy a new, improved dry cleaning machine for car interiors.


Ali's story

Ali is a 31-year-old single man who has been working in the car wash business since 2000. He stills enjoys his business and is willing to improve it more and more each day, which is why he requested a loan from Al Majmoua. He would like to buy a special dry cleaning machine that cleans the cars' furniture and seats quickly and perfectly.

Ali is a man with a good reputation. He had obstacles when starting his business since he didn't have a good number of clients to cover his expenses, but now he's well known and his income is almost fine. This is Ali's first experience with microfinance and he hopes it will be a good start for future expansion plans.



Loan details

Loan length:

14 months
Disbursed date: June 13, 2011
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 13, 2011
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development