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Ahmad
Ahmad is a 28-year-old man who lives in Saida in southern Lebanon. Ahmad has owned and operated a coffee shop since 1999. He also offers narguileh (also known as shisha in Egypt), which is an ancient tradition enjoyed by the people of the Middle East. This tall (or short) water pipe is used to smoke fruit-flavored tobacco. Ahmad requested a loan from Al Majmoua in order to purchase merchandise for his shop, like a billiard to attract younger customers and make his coffee shop a nice place to hang out and have a good time. This is his fourth loan cycle, and he has always paid on time.


Ahmad's previous loans helped him start a new business selling scrap metal. This second business is a way to improve his income. Ahmad is an active man who does his best to improve his family's financial situation, and he even said that if he had more time, he would consider starting a third job.


Ahmad is special in his work, because his clients feel comfortable coming to his shop and enjoying a nice coffee or drink with their narguileh. His clients are his friends, neighbors, passersby, and people from his region. When he first started his business, he had difficulty purchasing all the necessary merchandise for his shop. He decided on doing his business, because he wanted to have independent work. In the future, he plans to continue 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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    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 merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 5, 2010
Listed
Jan 19, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011