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Mohammad
Mohammad is a 24-year-old engaged man living with his parents. He's an experienced hairdresser with four years of experience. In 2006, he opened his own barbershop in his hometown. Mohammad provides services to a wide range of clientele in the village and its neighborhoods.

Today, Mohammad wishes to improve his shop, but he will mainly use the loan to furnish his home. In order to do so, he is requesting a $1,300 loan. This is his second loan; he reimbursed his last loan on time. With his previous loan, he was able to increase his merchandise, such as shampoos, gels, sprays, etc.

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
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Mohammad to improve his shop and furnish his home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 17, 2010
Listed
May 13, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011