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Ahmad
Ahmad, a 31-year-old married father of two children, lives in Tyre-South Lebanon where he has worked as a barber since 1996. Working hard in order to provide his family with a good living standard and education, he is talented in his business and loved by most of his clients who are mainly friends, neighbors and relatives.



Having already borrowed twice from Al Majmoua with very good business results, Ahmad is requesting his third loan in order to do needed redecoration and buy some necessary new equipment and products for his shop. Ahmad hopes to expand his business and improve his family's social and financial situation in the future.

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
  • 95
    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 $2,000 helped Ahmad to do needed redecoration and buy necessary equipment and products for his shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
Jun 17, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012