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Ahmad
Ahmad is a 23-year-old man who lives in Saida, southern Lebanon, with his wife and their child. Ahmad has been selling used metA. and aluminum since 1998. He also sells old and used spare parts and accessories.

Ahmad requested a loan from A. Majmoua in order to purchase a car for his work which will facilitate his transportation. This is his fourth loan and he has always repaid on time. His previous loans helped him increase his stock.

Ahmad is speciA. in his work because he is a hardworking man. His clients are his family members, friends and neighbors, as well as traders. When he first started his business, he didn’t have a lot of cash but decided on doing his businesses because he wanted to improve his family’s income. Also, he realized that it was work that was in demand in his region.

In the future, Ahmad plans on expanding 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
  • 66
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ahmad to purchase a car for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2010
Listed
Jan 8, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011