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Ahmad
Ahmad is a 27-year-old single man who has been selling water since 2005. He is a Palestinian refugee who puts forth much effort to improve his living standard. Ahmad used to sell vegetables but he found out that most of his villagers need clean water to drink. So, he turned to selling water because it is a daily necessity.
Ahmad is applying for a youth loan from Kiva's partner Al Majmoua in order to increase the number of water bottles available before the Holy Ramadan month where people consume water more than normally.
This would be his second loan as an Al Majmoua borrower. Through his previous loan, he was capable of buying a living room for his parents to keep them living in a healthy space.
He hopes to open a shop and distribute water to nearby villages.

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

  • $5,900
    Average annual income
  • 52
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Ahmad to increase the number of water bottles available before the Holy Ramadan month where people consume more water.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014