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Ahmad
Ahmad is a 36-year-old married Palestinian refugee, the father of one child. He runs his own small café which is a small van located by the sidewalk of a very popular street. He has run this business since 2009 and has thirteen years of experience in this field. Ahmad sells coffee as well as hot and cold drinks. He also provides a hooka for his customers who really appreciate such service.

To improve his business and increase his income, Ahmad is acquiring a loan from Kiva partner Al Majmoua to buy a new espresso machine that will improve the quality of his service and save time.

He hopes to open an official café and restaurant instead of the current van to attract more customers and improve his family's quality of life.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ahmad to buy a new espresso machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014