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Mohammad
Mohammad is a 60-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their three children. Mohammad has owned an accessory shop for 39 years. He sells toys, souvenirs, makeup, perfume and other accessories. He requested a loan of $3000 US from Al Majmoua in order to purchase merchandise for his shop. Mohammad has been a microcredit client for seven years now and has always paid on time.


His previous loans helped him improve his shop by diversifying his products and improved his financial situation. Mohammad's business is special because of his large variety of products and his good reputation. His clients are his friends and neighbors. Mohammad didn’t face difficulties starting this business. He decided on this venture because, when he was young he used to sell perfumes and makeup, but he lost his job because of the war. That's when he decided to open his own shop. 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
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Mohammad to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010