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Mohamad
Mohamad is a 26 year old man who lives in Tripoli, northern Lebanon. Mohamad has been working as a car electrician since 2005. He requested a loan from Al Majmoua in order to purchase tools for his work. This is his third cycle and he has always paid on time.
His previous loan helped him improve his work. His clients are his friends and neighbors. When he first started his business, he had some financial issues to purchase the required tools. Mohamad decided on doing his business because of his experience, but the idea came randomly after he had to repair his own car, he saw that he liked the job. In the future, he plans on improving his work.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to purchase tools for his work.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2009
Listed
Oct 13, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011