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Ahmad
Ahmad is a 33-year-old married father of one child. He owns a small barber shop where he is in charge of haircuts. His wife is currently unemployed, which means that his shop is the only financial resource for the family. Because of his low income, Ahmad cannot seem to provide a healthy life for his family, especially now that his wife is pregnant. With a newborn on the way, he started transporting his neighbor students from /to school as an additional income business, to make sure most of his family’s needs are done. In fact, Ahmad contacted Al Majmoua in order to acquire a loan that would financially support him to provide for the best possible preparations for his child-to-be, it will be invested in paying for his wife's hospital expenses and baby delivery expenses (clothes and many other requested baby needs). As for the future, Ahmad wishes to purchase his own space to settle his shop Instead of paying the monthly rent.

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
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Ahmad to pay for his wife's hospital expenses and baby delivery expenses.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 6, 2013