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Ahmad
Ahmad is a 29-year-old married man and father of one child. He has been working in furniture painting for six years. A year and a half ago, he started his own business in order to increase his family's income and improve their living. Ahmad's wife works as a tutor from their house in order to help with their family's increasing expenses. Ahmad is also responsible for his sister's needs, which is why he works harder to make sure that his income can fulfill everyone's needs.

He is applying for a YOUTH loan from Kiva's partner Al Majmoua, in order to increase his business capital with special paints, and other necessary needs. He will also use part of the loan to pay for his sister's wedding expenses. He is very happy for his sister and hopes that she finds happiness in her new start.

Ahmad hopes to open a new business where he sells special furniture paints, which will increase his income.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    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 purchase special paints and pay for his sister's wedding expenses.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014