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Ahmad
Ahmad is a 49-year-old man who lives in Saida, southern Lebanon, with his wife and four children. He has owned a pick-up and a grocery store for 13 years, and is successful because he is hard-working. His clients are family members, friends and neighbors. Ahmad set up his businesses because he wanted to improve his family’s income. When he first started out, he didn’t have a lot of cash.


Ahmad has requested a loan of $2,500 USD from Kiva partner, Al Majmoua, in order to purchase merchandise for his store and do some maintenance work on his pick-up. This is his third loan cycle and he has always paid on time. In the future, Ahmad plans on expanding his businesses.

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

  • $5,900
    Average annual income
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ahmad to purchase merchandise for his store and do some maintenance work on his pick-up.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 14, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010