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Mhamad
Mhamad is a 54 year old man who lives in the Bekaa with his wife and their five children. Mhamad has owned a café for two years. In his café, you can find computers, billiards, baby foot and lots more. Mhamad requested a loan of 1500 US dollars from Al Majmoua in order to purchase merchandise for his cafe. This is his third cycle and he has always paid on time.
Mhamad is special in his work because he knows how to take care of his clients. His clients are his friends, neighbors and tourists. When he first started his business, he had to face the competition. He decided on doing his business because he wanted to have an independent work as well as improve his financial situation. 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

  • $5,900
    Average annual income
  • 106
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

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