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Mahmoud
Mahmoud, age 46, has owned a grocery store for eight years. He and his wife have two children, and he is requesting his fifth loan from A. Majmoua for a number of reasons: to buy extra products to sell in his shop, to pay his children's school fees, and to buy a wedding day gift for his daughter. Mahmoud is a hard worker who retired from his career as a soldier in order to settle down into a lucrative business. All his previous loans have had a positive impact on his business, and he has proved himself to be a highly dependable borrower. He hopes to expand his business more in the future.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,679,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mahmoud to buy extra products to sell in his shop, to pay his children's school fees, and to buy a wedding day gift for his daughter.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 21, 2012