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Mohamad
Mohamad is a 23 year old single man from Baalbeck, and the owner of a household appliances shop since 2008. Mohamad is working on improving his new business, and that’s why he requested a loan, for the first time, from Al Majmoua. Mohamad’s honesty is his power in front of all the competition around him. He is well known in the region, and neighbors, friends and relatives talk about him and about his personality, and say that they can rely on him for every single need they request. Mohamad hopes to open a new branch in the future, and make a beautiful 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

  • $5,900
    Average annual income
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    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 improve his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2010
Listed
Dec 23, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012