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Mohamad is 37 years old and married with two children. He has been working in furniture refinishing for the past 23 years. He is very driven to develop himself and his business, but because he is struggling to obtain enough capital to do this, he was interested in asking for a loan from Al Majmoua to purchase an air compressor, a power saw, and varnish.
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محمد في عمر 37 سنة متزوج وله لدان يعمل في دهان الموبيليا له في عمله 23 سنة يحب عمله ويريد دائما التطور فيه له حب للتطور والتجدد في العمل يتطور نفسه دائما لكن يعيقه المادة احيانا يلقى الدعم دائما من عائلته ومحيطه يريد من خلال طلب قرض من المجموعة الى شراء كومبروسور هواء + صاروخ للخشب + مواد دهان لكي يتطور من المعدات التي تزيد من مدخول عمله

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
  • 186
    View loans »
    Lebanon Loans Fundraising
  • $17,467,250
    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 purchase an air compressor, power saw, and varnish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 17, 2011
Mar 1, 2011
Currency Exchange Loss:
Feb 16, 2012