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Ahmad
Ahmad, age 36 and married, has been working as a barber since 1996. In total, he has 17 years of experience in this field. This is the third time Ahmad has requested a loan from Al Majmoua, and has used his loans to order and buy necessary merchandise for his business in addition to paying house-building costs. Ahmad likes his work a lot and believes that as long as he takes care of his quality of business, his business will expand. He hopes to own a larger and even more successful barber shop someday.

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

  • $15,800
    Average annual income
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • 1,509.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ahmad to buy necessary merchandise for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 23, 2010
Listed
Aug 21, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012