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Mohamad
Mohamad is a 26-year-old married man. When he was young, he started learning the hairdressing occupation as a new career in his life. He became a talented hairdresser and in 2007, he opened his own barber shop and started working on his own. He receives clients from his village; he says that his clients can be his friends, neighbors and also tourists.

Today, for the first time, Mohamad is asking for a loan to buy a washing chair and additional supplies needed, such as hair gels, shaving soap, etc., as well as a phone for his shop. He hopes that the result of this will be an increase his business productivity and income.

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
  • 108
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • 1,501.6
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to buy a washing chair and additional supplies.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2010
Listed
Jun 15, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011