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Ahmad
Ahmad is a 24-year-old single man who has been working in construction for eight years. In 2007, he started working on his own. He has very good experience and he is skillful and talented in his domain.

Ahmad is well-known in the region and he is working hard to expand his reputation all over the region and abroad to attract contractors’ attention and offers.

He specializes in cement work and is applying for a youth loan from Kiva partner Al Majmoua. He will use the loan to buy iron and wood pillars to develop his business.

He hopes to open a contracting company in the future and to recruit someone in the near future to expand his working region more and more.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • $14,832,900
    Funds lent in using Kiva
  • 1,500.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ahmad to buy iron and wood pillars to develop his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013