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Mohamad
Mohamad has been working as a carpenter for nine years. He is a 44 year old man who lives in Beirut, the capital of Lebanon, with his wife and their five children. Mohamad does good work. His clients are his friends and neighbors. He didn’t face difficulties when he first started his business. Mohamad decided on this work to use his experience. In the future, he plans on expanding.


Mohamad requested a loan of $1000 US from Al Majmoua in order to purchase tools for his work. This is the first time that Mohamad has requested a loan.

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
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,099,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad to purchase tools 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