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Ahmad
Ahmad is a 42-year-old married father of three children who has worked in raising cows and selling fresh milk since a year ago.

Ahmad used to be a soldier, but he retired a year ago. His wife helps him in covering part of their expenses through working as a tailor from her house. Their low incomes combined together aren't enough for covering their children's needs; that's why he is requesting a loan from Kiva partner Al Majmoua to buy a new cow that will increase his business production.

Ahmad hopes to expand his business in the future and own a big, highly developed farm.

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

  • $15,800
    Average annual income
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ahmad to buy a new cow that will increase his production.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014