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Mohamad
Mohamad is a 34-year-old divorced man who lives in Bekaa. Mohamad has owned a grocery store for three years. He requested a loan of $1,500 US dollars from Al Majmoua, a Kiva partner, in order to purchase merchandise for his store. This is the first time that Mohamad has requested a loan.


Mohamad is special in his work because he knows how to treat his clients. His clients are his friends and neighbors. When he first started his business he had financial issues and he also had health problems. He decided on doing his business because he wanted to improve his financial situation. In the future, he plans on improving 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

  • $5,900
    Average annual income
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohamad to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010