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Ahmad
Ahmad is a 39-year-old married man and the father of two children, for whom he works hard to provide a good & healthy life. He opened his shop twenty years ago, specializing in selling and repairing tires. This business is improving but needs to be updated all the time with new products and special machines.

Ahmad applied for a loan from Kiva partner Al Majmoua to increase his business merchandise through increasing his stock of tires. He hopes this loan will be invested in a successful way, and that it will affect his social and financial situation positively.

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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $15,281,400
    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 increase his business merchandise through increasing his stock of tires.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2011
Listed
Dec 27, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013