Funded

Total loan: $1,500
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Ahmad


A loan of $1,500 helped to purchase merchandise for his shop.


Ahmad's story

Ahmad is a 28-year-old man who lives in Saida in southern Lebanon. Ahmad has owned and operated a coffee shop since 1999. He also offers narguileh (also known as shisha in Egypt), which is an ancient tradition enjoyed by the people of the Middle East. This tall (or short) water pipe is used to smoke fruit-flavored tobacco. Ahmad requested a loan from Al Majmoua in order to purchase merchandise for his shop, like a billiard to attract younger customers and make his coffee shop a nice place to hang out and have a good time. This is his fourth loan cycle, and he has always paid on time.

Ahmad's previous loans helped him start a new business selling scrap metal. This second business is a way to improve his income. Ahmad is an active man who does his best to improve his family's financial situation, and he even said that if he had more time, he would consider starting a third job.

Ahmad is special in his work, because his clients feel comfortable coming to his shop and enjoying a nice coffee or drink with their narguileh. His clients are his friends, neighbors, passersby, and people from his region. When he first started his business, he had difficulty purchasing all the necessary merchandise for his shop. He decided on doing his business, because he wanted to have independent work. In the future, he plans to continue improving his business.



Loan details

Loan length:

14 months
Disbursed date: January 5, 2010
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: January 5, 2010
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development