Check out some available loans that are similar to this one!
Mohamad is a 63 year old man who lives in Bourj El Barajneh, southern suburbs of Lebanon with his wife and their child. Mohamad has been working as a taxi driver; he also works as a car painter. Mohamad requested a loan of 2000 US dollars from Al Majmoua in order to purchase a car for his work. Mohamad has been a microcredit client for eight years now and has always paid on time.
His previous loans helped him improve his financial situation. 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 didn’t face difficulties. Mohamad decided on doing his business because he wanted to have an independent work. In the future, he 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
  • 116
    View loans »
    Lebanon Loans Fundraising
  • $17,414,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad mohamad will use the loan to purchase a car for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 11, 2009
Jun 1, 2009
Currency Exchange Loss:
Jun 15, 2010