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Ahmad
Ahmad B. is 37 years old and lives in a small village close to Nabatieh in the south of Lebanon. He is a kind man who nearly everyone in the village trusts and works with daily. Ahmad owns a mini market in town where he sells household items such as food and cleaning supplies. Ahmad wishes to increase the variety of products he sell so he can respond to his client's needs. He has asked Al Majmoua for a loan of $1000. This is the fourth time that Ahmad will be taking a micro-loan from Al Majmoua.

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.

About Lebanon

  • $15,800
    Average annual income
  • 79
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    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 purchase a diverse new stock of items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 29, 2008
Listed
Oct 15, 2008
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2009