In 2007, he started his own business after acquiring wide experience in his domain. He proved to be a hard worker with a very good reputation in his region. Ahmad’s financial situation is not very stable, so currently he can’t afford to pay for sudden unexpected needs.
Today he is acquiring a YOUTH Loan from Kiva’s field partner Al Majmoua to pay for his wife’s baby delivery expenses since they are expecting their first baby soon. Ahmad is waiting anxiously for his baby to come into the world, and he always hopes to improve and expand his work to increase his family’s income and save profits to plan a better future for his family.
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