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Mhammad
Mhammad is a 55-year-old man who lives in Saida southern Lebanon with his wife and their two children. Mhammad has been working as a carpenter since 1980. Mhammad requested a loan from A. Majmoua in order to purchase a machine for his work. This machine will help him improve his work. This is his second cycle and he has always paid on time. Mhammad is speciA. in his work because he is good at his job since he has a lot of experience. His clients are his friends, neighbors and others. When he first started his business, he didn’t face difficulties. Mhammad decided on this business because he learned it when he was young. In the future, he plans to improve 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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mhammad to purchase a machine for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Nov 23, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011