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Ali is a 24-year-old single man. He has 9 years of experience working as a women's hairdresser and started running his own business since that time. With his requested loan from Kiva partner A. Majmoua, Ali will be able to do necessary decorations to his shop, such as changing his shop's tiles, and to buy a tattoo machine in order to reply to customers' requests. Ali will redecorate his salon in order to offer his clients a comfortable and beautiful place.

This is Ali's second cycle with A. Majmoua. His previous loan was very effective. It helped a lot in improving his income. Ali was a good standing borrower.

Ali hopes to stay on top of clients' expectations, and to expand his business more and more through adding more services in the future.

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
  • 50
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    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 do necessary decorations to his shop, and also to buy a tattoo machine.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 23, 2011
Sep 29, 2011
Currency Exchange Loss:
Nov 15, 2012