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Mohamad
Mohamad is 26 years old, married, and has one child. He has worked as a truck driver for the past eight years. He offers transportation services in his town and its surroundings; he transports all he can depending on his clients’ demands, but he mainly transports building materials. Mohamad has requested his first loan in order to carry out maintenance work on his truck to increase its safety features, as well as save money for his children's school tuition.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohamad to carry out maintenance work on his truck.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
May 11, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011