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Ahmad
Ahmad is a 53-year-old married man living with his wife and eight children in Rshaf, a small country area in Southern Lebanon near Bint Jbeil.

Ahmad has owned private school buses since 2007, with nine years of experience in this business. Since his work is the only income source for him and his family, he is requesting a Loan from Al Majmoua in order to do the necessary maintenance for his buses at this time, since most schools are closed for the summer.

Ahmad’s clients are his neighbors and people from neighboring areas. At the beginning, he had financial problems starting his own business. His dream is to buy new buses and expand his business area.

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
  • 91
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ahmad to do the necessary maintenance for his school buses.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2010
Listed
Aug 9, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 19, 2012