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Ahamd
Ahmad is a 22-year-old single man who has been working in the metal business since 2006. He specializes in working with aluminum. Ahmad is well known in his region with an excellent reputation among competitors. He finished intermediate school and transitioned to work in order to help his parents to improve their living and to develop their socioeconomic situation.

Ahmad is applying for a youth loan from Kiva's partner, Al Majmoua. He plans to buy the necessary, updated machines for his business such as an aluminum-compressing machine and a compiling machine. This is his first experience as an Al Majmoua borrower. He hopes that the future loan will be invested in opening new branches and in increasing employees beyond the one he has now.

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

  • $15,800
    Average annual income
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ahamd to buy new equipment for working with aluminum.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014