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Mohamad
Mohamad is a 27 year old man who lives in Beirut, capital of Lebanon. Mohamad has owned an Internet cafe. He requested a loan of 1500 US dollars from Al Majmoua in order to purchase UPS and electrical wires. This is the first time that Mohamad has requested a loan.
Mohamad is special in his work because he owns new materials and knows how to suits his clients. His clients are his friends and neighbors. When Mohamad first started his business, he had financial issues. He decided on doing his business because of his experience, as well as his self-confidence in opening his work. In the future, he plans on expanding.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    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 UPS and electrical wires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2009
Listed
Aug 19, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010