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Ahmad
Ahmad is a 27-year-old single man who has been working as a barber for twelve years. He was only 15 years old when he started working to help with his family's living. In 2009, he opened his own shop and made a special part of it for kids, decorated with pictures, characters, and floor coverings.

Ahmad is applying for a youth loan from Kiva's partner, Al Majmoua, in order to buy new tools and furniture for his business. Through this loan he will be able to develop his business to attract new customers.

Ahmad is a hard worker. He plans to keep developing his business as much as he can to please his customers. He especially wants to please the children by providing them with new haircuts and gifts to make sure they stay loyal to him and bring in their parents for a cool haircut. He hopes to continue developing his business and to make a small family of his own in the future.

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
  • 24
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    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 buy new tools and furniture for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 19, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014