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Ahmad
Ahmad is a 46-year-old married father of two children. He works as a public taxi driver and has his own vehicle for the job. He works every day from sunrise, when people rush to get to their work, till night. He has been working in this field for 23 years now. His wife is unemployed, which renders him the only financial provider of the family. One of his children is enrolled in a private school, while the other is enrolled in a public school, which means that he has schooling tuition and fees on top of the other family expenses. Thus, maximizing his revenue is a priority.

He contacted Al Majmoua in order to acquire a loan for the maintenance of his car, and to renovate his house (with paint, electronics, etc.). A loan would alleviate the burden of the other expenses mentioned above. As for the future, Ahmad wishes to buy a new car for his work as a taxi driver in order to increase the number of customers and tourists.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Ahmad to pay for necessary maintenance for his car and renovate his house.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 13, 2013