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Ali is a 19-year-old single man who has been working as a barber for the past 2 years. He is a hard worker who puts a lot of effort into improving and expanding his business, to make sure that his customers are pleased. Ali is applying for a youth loan from Kiva partner Al Majmoua in order to buy new cosmetics and beauty products necessary for his business. He will increase his stock of hair treatments, creams, facials and after shaves, to provide a wide variety for his customers to buy. These products are an extra source of income he relies on a lot in addition to what he gets for haircuts. Ali's customers are almost all his friends, neighbors and relatives. He is working hard to start saving as much money as he can to open a wider beauty therapy salon specializing in men’s facial treatments.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 137
    View loans »
    Lebanon Loans Fundraising
  • $18,174,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ali to buy new cosmetics and beauty products necessary for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 15, 2012
Nov 15, 2012
Currency Exchange Loss:
Aug 17, 2013