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Ahmad
Ahmad owns a grocery store in the Laylaki region, a suburb of Beirut. He is 50 years old and is a father of 3 children. Now that the school year has started, Ahmad needs a loan of 1200$ to be able to buy more merchandise and to be able expand his business so that he will be able to pay his children's tuition. Ahmad has come to a point where he is seriously planning to grow his business and a loan is a first step towards his goal.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ahmad to buy more mechandise for the grocery shop and pay the children's tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 17, 2007
Listed
Oct 31, 2007
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2008