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Ahmad
Ahmad is a 31-year-old married man, father of four children and owner of an international calls shop and a café since 2010. His customers say that he serves the best hooka*. He also owns an espresso machine and serves his customers coffee.
Ahmad is a hardworking man. He used to fix and refurbish used furniture, but he decided to start this cafe to more easily meet his big family’s requests.
Ahmad is requesting a loan from Al Majmoua in order to expand his shop and buy a new espresso machine to better meet his customers' needs.
Ahmad is working with Al Majmoua for the first time; he hopes it will help him for future investments.
He hopes to buy a house and own another shop in the future.

* A hookah (Hindustani: हुक़्क़ा (Devanagari), (Nastaleeq) huqqah). A hooka, also known as sheesha or waterpipe shisha, is a single or multi-stemmed (often glass-based) instrument for smoking in which the smoke is cooled and filtered by passing through water. ...source Wikipedia 18-10-2011

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    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 a new espresso machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2011
Listed
Oct 25, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012