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Mhammad
Mhammad is 26 years old and lives in Beirut, the Lebanese capital. He has been working as a car electrician for five years. His clients are his friends and neighbors. When Mhammad first started his business, he had financial issues, especially because he was used to being an employee. He set up his business because he learned it when he was young.


Mhammad has requested a loan of $2,000 USD from Kiva partner, Al Majmoua, in order to purchase parts for his work such as car batteries, car accessories, car radios, alarms and wipers. This is his second loan cycle and he has always paid on time. Mhammad's previous loans helped him improve his business. In the future, he plans on improving his store.

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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mhammad to purchase parts for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010