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Ahmad
Ahmad is a 22-year-old man living in Chtaura, Lebanon. Ahmad has been working as a freelance electrician since 2003, 7 years of experience. Ahmad is professional in his work as most of his neighbors claim. This is Ahmad’s first time to request a loan from Al Majmoua, in order to buy the necessary equipment for his work, which helps in improving his output since he can do more things in less time.

Ahmad hopes that through this loan his output will become better and his income will rise which will help him cover his engagement costs. Ahmad hopes to become a well-known electric contractor everyone turns to.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,676,150
    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 buy the necessary equipment for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2010
Listed
Aug 14, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2011