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Ahmad
Ahmad is a 60-year-old divorced man and father of one child who he has spent his whole life taking good care of. Seventeen years ago, Ahmad opened his present shop for selling school bags and purses, in addition to scout's clothes. He has 40 years of experience in this field with a very good reputation. This long experience has helped him gain customer's trust and support.

To improve his business, Ahmad applied for a loan from Kiva partner Al Majmoua in order to increase his business merchandise with a new released collection highly requested for the summer season. Through this loan he will be capable of increasing his income and expanding his collection to please his customers.

He is the only one in the region who works in wholesale trade and is working hard on expanding his business.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,963,200
    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 with new released collection.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013