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Ahmad
Ahmad is a 53-year-old married man and father of eight children. Ahmad is a hard working man who spent his whole life working hard to provide his family with secure and healthy living. Ahmad has worked in transportation for twenty years. He owns a bus that is specialized for transporting students from/to school. He is well known in the region, and most of his children help him transport students to provide him with special extra days off.

Ahmad is requesting a loan from Al Majmoua to do necessary maintenance to his bus to keep it in the best shape and service as it should be. He hopes to increase the number of buses he owns, by buying new modern ones and opening a special school bus company 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

  • $15,800
    Average annual income
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • 1,503.2
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ahmad to do necessary maintenance to his bus.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Sep 15, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012