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Ahmad
Ahmad is a 52-year-old married father of eight children. Ahmad has 25 years of experience in the construction contracting industry, retailing various building materials such as concrete, iron and wood. Ahmad is applying for a loan from Kiva’s partner, Al Majmoua, to increase his business supply of iron and wood which will contribute to his business revenue.

Dedicating all his life to his family, Ahmad also wants to help his son with his marriage expenses. A devoted father, he does not want his son’s limited financial conditions to stand in the way of his happiness. He also plans, in the future, to buy the apartment he is renting to secure a permanent residence for his family.

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
  • 105
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Ahmad to increase his business supply of iron and wood which will contribute to his business revenue.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
N/A
Expired:
May 24, 2012