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Ahmad
Ahmad, 25, lives in Bourj El Barajneh, in the southern suburbs of Lebanon with his wife and their child. Ahmad has been working as a car painter for eight years. He is requesting a loan of $1200 USD from Al Majmoua in order to purchase tools for his work. This is his second loan; he repaid the first loan on time. His previous loan helped him improve his business. His clients are his family members, friends, and neighbors. Ahmad decided to paint cars because he wanted to work independently and improve his income. In the future, he plans to expand his business.

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

  • $5,900
    Average annual income
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ahmad tto purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2009
Listed
Feb 12, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010