A loan of $2,000 helps to buy new products and items for his grocery in an attempt to maximize his business productivity.
Ahmad is a 51-year-old married father of five and a Palestinian refugee who managed to start his own grocery shop back in 2003 in order to provide for his family. Ahmad has been improving his business ever since he opened his shop in order to increase his family income.
He is a previous borrower from Kiva’s field partner, Al Majmoua, and wishes to use his eighth entrepreneur loan in order to buy new products and items for his grocery shop in an attempt to maximize his business productivity. By contributing to this loan you would be financially supporting Ahmad’s dreams of providing his family with a decent life.
This loan is special because:
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About Al Majmoua:
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.