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Ahmad
Ahmad is a 20-year-old single man who has been working in selling accessories, stationery and silver since June 2012.

This is his only source for living; that's why he works hard to develop his business in a well-managed way to attract more customers.

Ahmad is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to increase his business merchandise with special silver designs and household appliances.

This is his first experience as an Al Majmoua borrower. He hopes that through a future relationship with Al Majmoua, he will work hard on expanding his working sector and diversify his products more to increase his income.

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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    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 increase his business merchandise with special silver designs and household appliances.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014