Ahmad is a hard worker, and is well known in his region with his special talents and prices, and is highly recommended to deal with.
Ahmad has been a borrower of Al Majmoua for four consecutive cycles. His previous loans helped him a lot in increasing his business capital through buying special tires and motorcycles, which he needed to keep his business running properly. Today, Ahmad is acquiring a YOUTH loan from Kiva's field partner Al Majmoua, which will be invested in buying motorcycles, which he will sell at special prices.
He hopes to keep on developing his business through increasing his tools and his business merchandise with new released items in the future.
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 DevelopmentThe 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.
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Success!! The loan was 100% repaid