In 2012, to improve his living, he opened his own printing company. He specializes in printing and preparing companies' and shops' plastic and vinyl signs. Ahmad is a well-known in his region and trusted by his clients because of his long experience in his domain.
He is applying for a youth loan from Kiva's partner, Al Majmoua Lebanese Association for Development, in order to buy necessary vinyl, flex, and ink for his business, exported directly from China.
This is Ahmad's second cycle as an Al Majmoua borrower. He has a good standing and pay back history. He hopes to keep on expanding his business as much as he can, to make sure that he will open a wider printing and publishing factory in the future.
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 DevelopmentThe 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.
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Success!! The loan was 100% repaid