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Mhammad
Mhammad owns a hairdressing salon for women and men. He is a 26-year-old man who lives in Bourj El Barajneh, southern suburbs of Lebanon, with his wife and their child. Mhammad knows how to treat his clients, who are his friends, neighbors and others. He didn’t face difficulties starting his business. He decided on this work to use his experience and because he wanted to work independently.


Mhammad has requested a loan from A. Majmoua in order to purchase beauty products and continue his shop décor arrangements. This is the first time that Mhammad has requested a loan. In the future, he plans on improving 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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,606,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mhammad to purchase beauty products and continue his shop décor arrangements.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 13, 2009
Listed
Oct 9, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010