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Mhamad Joumaa
Mhamad Joumaa is a 31-year-old man who lives in the Bekaa. He has been working as a carpenter since 2000.

Mhamad Joumaa requested a loan from A. Majmoua in order to purchase tools and wood for his work. This is his third loan and he has always repaid on time.

Mhamad Joumaa is speciA. in his work because he does it well and is punctuA.. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulty excepting making himself known to the public. He decided on doing his business because, since he was young, it has been his hobby and he decided to make it his work. In the future, he plans on expanding 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

  • $15,800
    Average annual income
  • 37
    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 $1,800 helped Mhamad Joumaa to purchase tools and wood for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2009
Listed
Dec 12, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010