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Mohamad
Mohamad is a 35-year-old married man with four kids from Lebanon and has been working with scrap iron and haberdashery since 2006. Mohamad requested a loan from Al Majmoua in order to do the necessary maintenance on his pickup in order to keep it safe as long as he needs it. This is Mohamad’s fifth loan with Al Majmoua; in the last four cycles he has maintained a good credit record and never missed any payment.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • 1,509.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to do the necessary maintenance on his pickup.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Jul 29, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2012