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Ahmad
Ahmad is a 30-year-old married man and father of two children. He has been working as a butcher for 18 years. In August 2012, he opened his own butcher shop to increase his income and improve his standard of living.
Ahmad is applying for a youth loan from Kiva partner Al Majmoua to buy a freezer necessary for his business. He will also use part of the loan for necessary maintenance on his house.
Ahmad was only 12 years old when he started working to help his family make their living. Today, he is putting forth much effort so his children would not suffer a miserable childhood as he did
This is his fifth loan as an Al Majmoua borrower and he has good standing paying back his loans.
He hopes to keep on expanding his business as much as he can, to better meet his family's needs.

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

  • $15,800
    Average annual income
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ahmad to buy a freezer necessary for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014