Funded

Total loan: $2,000
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Ali


A loan of $2,000 helped to open a bakery.


Ali's story

Ali is a 47-year-old man who lives in Nabatieh, southern Lebanon, with his wife and their seven children. Ali has owned a butcher shop for nineteen years. He requested a loan of $2,000 from Al Majmoua in order to start a new business, a bakery. This is the first time that Ali has requested a loan.

Ali's first business is a butcher shop. He is special in this work because he has good meat. His clients come from around his region. When he first started his business, he didn’t have enough start-up capital. He decided to start a new business because he wanted to improve his family's financial situation. In the future, he plans on expanding his business and starting the new bakery.



Loan details

Loan length:

14 months
Disbursed date: April 3, 2009
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: April 3, 2009
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development