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Mhamad
Mhamad is a 29-year-old man who lives in Saida, southern Lebanon with his wife. Mhamad has been working as a farmer for ten years. He produces milk and cheese. Mhamad requested a loan of 3000 US dollars from Al Majmoua in order to purchase food for his animals and tools for his work. This is his third cycle and he has always paid on time.
His previous loans helped him improve his work. His clients are traders. Mhamad decided on doing his work because he learned it when he was young. In the future, he plans on expanding his cattle in order to increase his production.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Mhamad to purchase food for his animals and tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010