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Ahmad
Ahmad is a 53 year-old married father of three children. He has a garage where he conducts metal work and painting. He has been working in this field for 35 years now. His wife is unemployed, which renders him as the only financial provider of the family. His income is not enough to provide for his wife and three children.

The highest education his parents could afford to give him was elementary school which has narrowed his scope of opportunities. He contacted Al Majmoua because his son is getting married soon. In fact, he needs to acquire a loan in order to alleviate the burden of the ceremony's costs, and in order to help his son decorate his bedroom in his new apartment. As for the future, Ahmad wishes to expand his work by enlarging the department he works in, or by opening up a new garage.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,625,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Ahmad to alleviate the burden of the wedding ceremony's costs, and in order to help his son decorate his bedroom in his new apartment.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 14, 2013