Check out some available loans that are similar to this one!
Ahmad is a 45-year-old man who lives in southern Lebanon, with his wife and their two children. Ahmad has owned a mobile phone shop for two years, as well as selling phone accessories. He sells and repairs phones. He requested a loan of 2000 US dollars from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Ahmad has requested a loan.

Ahmad is special in his work because of his punctuality. His clients are his friends, neighbors and others. When Ahmad first started his business, he faced competition. He decided on doing his business because he wanted to improve his family’s financial situation. In the future, Ahmad plans on expanding 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

  • $15,800
    Average annual income
  • 142
    View loans »
    Lebanon Loans Fundraising
  • $18,174,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ahmad purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 10, 2009
Apr 1, 2009
Currency Exchange Loss:
Apr 15, 2010