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Mahmoud
Mahmoud is a 22-year-old man who lives in Beirut, the capital of Lebanon. Mahmoud has owned a mobile phone shop for over a year. He has owned a mobile phone, accessories and mobile recharge cards and repairs mobile phones. He requested a loan of 2000 US dollars from Al Majmoua in order to purchase used mobile phones, recharge cards and accessories for his work. This is the first time that Mahmoud has requested a loan.



Mahmoud is special in his work because of his good reputation and competitive prices. His clients are his friends and neighbors. When Mahmoud first started his business, he had financial issues, but those ended 6 months after he opened his shop. He decided on doing his business because of his experience in IT and mobile phones. In the future, he plans on expanding by opening a second mobile phone shop.

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
  • 111
    View loans »
    Lebanon Loans Fundraising
  • $15,359,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mahmoud to purchase used mobile phones, recharge cards and accessories for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 14, 2009
Listed
Sep 10, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010