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Ahmad
Ahmad is a 75-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their four children. Ahmad has been selling bags and other luggage since 2000. Ahmad is special in his work because he offers good quality products. His customers are his friends, neighbors and passers-by. He requested a loan from Al Majmoua in order to purchase merchandise for his work. Ahmad has been a micro-credit client for nine years now and has always repaid on time.



When Ahmad first started his business, he didn’t face difficulties especially since there is not a lot of competition and he has fair prices. He decided on doing his business because he wanted to have an independent business. In the future, he plans on enlarging his work.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Ahmad to purchase merchandise for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2009
Listed
Nov 10, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010