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Ahmad
Ahmad is a 34-year-old married man and father of two children who has worked as a mechanic for 18 years.
Ahmad started working when he was 16 years old. He had to make his own living because of his parents' difficult financial situation.
In 2000, he opened his own garage and started making his living and improving his name among competitors. His business developed a lot since he started. Ahmad's experience brought his customers' trust and loyalty.
To improve his business, Ahmad applied for a loan from Kiva partner Al Majmoua, in order to buy a scanner necessary for his business.
This scanner will help a lot in improving his business and income.
This is Ahmad's third cycle as an Al Majmoua borrower. He is in good standing and has a good payment history.
His previous loans helped a lot in improving his business, and he's so proud to be dealing with Al Majmoua.
He hopes to keep on developing his business as much as he can.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,824,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ahmad to buy a necessary scanner for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
Jun 9, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013