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Mohammad
Mohammad is a 41-year-old married man living in Safad Al Batikh, Southern Lebanon with his wife. He is a peddler who has sold food and sweets since 2006. His clients can be anyone who he can reach during his journey. Mohammad has requested a loan from Al Majmoua in order to purchase merchandise and to increase his capital which will help in adding new brands. He hopes to reach a level where he can have one storage place, so he can start wholesale trading.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,614,075
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Mohammad to purchase merchandise for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2009
Listed
Dec 19, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011