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Ahmad
Ahmad is a 52-year-old married father of nine children who has been working as a school bus driver for the last nine years since he retired from the army. Ahmad is working hard to develop his business to make sure that he can cover his family's increasing needs. Ahmad also takes care of other people's gardens for additional income. Today he is acquiring a loan from Kiva's partner Al Majmoua to pay for his children's increasing school tuition fees. To make sure that he will provide them with the necessary education, he works hard to make sure that they get the best. He will also work on doing the necessary maintenance to his house before the coming winter season. Ahmad hopes to develop his business by increasing the number of buses he owns and recruiting more people to help him to provide this service.

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
  • 68
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ahmad to pay for his children's school fees and maintain his house for winter.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Jan 2, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014