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Mohamad
Mohamad is 22 years old and engaged to be married. He works as a master mason and builder. There is a lot of competition in this type of business, but he is known for being a hard worker and for his quality work. More importantly, he knows how to satisfy his clients’ demands. With this loan, Mohamad will replace his work tools and be able to offer better service and, as a consequence, gain a larger clientele. This is his second loan from our institution. He has shown good compliance in paying off his previous loan. He plans to keep 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
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to purchase new tools.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 26, 2010
Listed
Apr 23, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 19, 2011