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Ahmad
Ahmad is a 36-year-old married father of one child. He has been working in the transportation business for five years. His wife doesn't work, which makes him the family's only source of income. That's why he works hard to develop his business in order to respond better to his family's needs.

Ahmad is applying for a loan from Kiva's partner Al Majmoua to pay what is left from his van's purchase price. He hopes that one day he can open a transportation company and he will have more than one van to be capable of covering the whole Lebanese border.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,400 helped Ahmad pay off his van.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 15, 2013