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Mhamad
Mhamad is a 33-year old entrepreneur from Lebanon. He has been the owner of a car painting garage for more than 15 years. His customers include friends, neighbors and other community members who have come to know him through his work. Mhamad is extremely proud of his work and believes that it is his experience that has helped him succeed.

Mhamad is requesting a loan of $2000 from Kiva partner, Al Majmoua. He plans to use the loan to invest in paint equipment and supplies, as well as save for his future home. In the future, Mhamad hopes to further expand his business and provide greater support to his family.

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
  • 71
    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 $2,000 helped Mhamad to buy paint equipment and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2010
Listed
May 12, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011