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Ahmad
Ahmad is a 44-year-old married man, the father of three children. He has been working as a taxi driver since 2007; his car is his only source of living. In Lebanon, taxi drivers suffer from a very bad financial situation, since fuel is very expensive and the government is not supporting them or setting special rules for exceeding the number of taxi drivers in the region, which results in low income work for them.

Ahmad is applying for his fifth loan cycle from Kiva's partner Al Majmoua. His previous loans were invested in doing necessary maintenance on his car and answering most of his family's needs. Today, unfortunately, his loan will be to pay for his wife's medication. He puts in so much effort to cover everything she might need.

Ahmad is so pleased that he found Al Majmoua to stand by his side and meet his needs, since no one lends to the working sector in Lebanon. He hopes to buy a new developed car in the future.

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
  • 106
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    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 pay for his wife's medication.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 21, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014