Check out some available loans that are similar to this one!
Ahmad
Ahmad is a 48-year-old man who lives in Saida, Southern Lebanon with his wife and their four children. Ahmad has been selling and producing home-made “mouneh,” which are agricultural products, since 1983. In Arabic, mouneh is food that is stored for later consumption, such as pickles, jams, tomato paste, and radishes. Ahmad requested this loan from Al Majmoua in order to purchase some merchandise for his shop. This is his third cycle and he has always paid on time.


His previous loans helped him improve his work by diversifying his merchandise and expanding his stock. Ahmad is special in his work because he sells products of good quality. When he first started his business, he didn’t face difficulties. Ahmad decided on doing this business because he likes working in this kind of field. In the future, he plans on improving his business.

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
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    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 some merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 3, 2009
Listed
Nov 23, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010