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Mouhamad
Mouhamad is a 46 year old man who lives in Beirut, capital of Lebanon with his wife and their five children. Mouhamad has owned a coffee shop for a over year now. He offers all sort of coffee and he also serves narguileh (also known as shisha in Egypt). Narguileh is an ancient tradition enjoyed by the people of the Middle East. A tall (or short) water pipe is used to smoke fruit-flavored tobacco. Narguileh is enjoyed in cafes across the Middle East and is beginning to gain popularity in the US, Europe and other countries. He requested a loan from Al Majmoua in order to purchase merchandise and change the décor of his coffee shop. This is the first time that Mouhamad has requested a loan.
Mouhamad opened his coffee shop at a strategic point which is in the middle of the city, therefore, he is well known and people feel comfortable going to his coffee shop. His clients are mainly his friends and neighbors. When Mohamad first started his business, he passed through some financial issues He decided on doing his business because he wanted to have an independent work since he was unemployed and couldn’t find a work. In the future, he plans on improving his 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

  • $15,800
    Average annual income
  • 95
    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 $1,500 helped Mouhamad to purchase merchandise and change the décor of his coffee shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2009
Listed
Oct 8, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010