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Mohamad
Mohamad is 26 years old and married. He has been working as an electrician for the past eight years. His customers are people from his region. He decided to start his business because of his experience. When he first started his business, he wasn’t very well known, but because of his good, fast and punctual work, he showed that he knew how to please his customers and he therefore enlarged his network.

Mohamad is asking for a loan to purchase more sophisticated tools and electrical wires for his business. His plan for the future is to keep on improving his business. He hopes to grow his business to become bigger and stronger. This is his first loan and he promises to repay it on time.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Mohamad to purchase tools and electrical wires for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2010
Listed
May 11, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011