A loan of $1,500 helped to buy and sell iron scraps at a very good price, in addition to paying his children's school fees.


Ahab's story

Ahab is a 49-year-old married father of five children. He has been working in selling iron and copper scraps since 2002. He is well known in this domain. He buys and sells these scraps to metal factories at very impressive and encouraging prices. At the beginning he faced obstacles to expand his business, but through his previous Al Majmoua acquired loans, Ahab was capable of buying a small truck to transport his merchandise easily.
Ahab has an additional source of income. Since his family is dear to him, he has to be ready for any sudden request, which is why he has been working in a small cafe where he has been responsible for the hookah section for five years.

Today, Ahab is applying for a loan from Kiva's partner Al Majmoua to buy iron scraps at a very good price and sell it at a very good price too, in addition to paying his children's school fees. He hopes to expand his scrap business and to buy a wider truck, where he can collect a larger mass of scraps in it.



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Loan details