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Mohamad
Mohamad is 38 years old and the married father of three kids. Since 2009, he has been working in the transportation field and he has over 10 years of related experience. Mohamad owns a van to transport tourists throughout Lebanon and he also transports employees and students to and from home, work, and school. Mohamad is requesting a loan from Al Majmoua to change his van’s engine and seats to improve his business, although Mohamad’s clients are satisfied with what he has. In the future, Mohamad hopes to open a small transportation company with branches in the region.

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
  • $14,963,200
    Funds lent in using Kiva
  • 1,500.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to improve and update van.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 28, 2010
Listed
Jan 10, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2012