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Mohamad
Mohamad is a 45-year-old married man, the father of three children, who has been working for 30 years as a car mechanic. This business is his only source of living.

What differentiates his business from others is that Mohamad doesn’t have a maintenance garage; he is a mobile mechanic. When others call him for help, he goes to fix their cars. He believes that for a person to succeed, he must provide good service for his clients, and that’s what he provides.

Mohamad's long experience makes him recommended by most of his clients all over the region.

Mohamad is requesting a loan for the first time from Al Majmoua, in order to buy new tools for his business. Mohamad hopes to open his own mobile car mechanic services that can cover a wider area with a big number of employees.

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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $16,124,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad to buy new tools for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2010
Listed
Nov 30, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012