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Ahmad is a 50 year old man who lives in Bourj El Barajneh, southern suburbs of Lebanon with his wife and his four children. Ahmad has been selling shoes for twenty four years. He requested a loan from A. Majmoua in order to buy merchandise for work. Ahmad has been a microcredit client for eight years now and has always paid on time.
Ahmad took out his loans to improve his quality of life by buying goods and get profits because when he started learning the business, he faced difficulties in having capitA. to own a shop. His clients are his friends and neighbors as well as people in region. In the future, Ahmad plans on improving and enlarging his work.

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
  • 52
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Ahmad to buy merchandise for work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 15, 2009
Oct 12, 2009
Currency Exchange Loss:
Oct 15, 2010