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Mohammad
Mohamed is 36 years old, married and has one child. He works as a van driver and has been doing this for 13 years. He loves his work and wants to develop it and increase his income. He loves his family and would like to secure a comfortable future for them. With this loan he wants to perform maintenance work on his van in preparation for the busy summer season when demand increases, especially from tourists. His business faces no difficulties as he is well known in his locality, but he suffers from lack of financial capital to maintain his van so that he can accommodate a greater number of customers and travel further distances.
محمد في عمر 36 سنة متزوج وله ولد يعمل سائق فان له في عمله 13 سنة يحب عمله ويريد ان يطور عمله ومدخوله يحب العائلة ويريد تأمين حياة كريمة لهم يسعى دائما الى تطوير العمل يريد خلال طلب قرض من المجموعة الى صيانة الفان خاصته حتى يتمكن من مواكبة العمل في فصل الصيف حيث يزيد عدد الزبائن خاصة من السواح لا توجد لديه صعوبات في العمل حيث انه معروف في محيطه ولكن هناك صعوبة مادية لتطوير الفان حتى يستوعب عدد اكبر من الزبائن واماكن ابعد في النقل

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
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohammad to perform maintenance on his van in preparation for summer so that more customers can be accommodated.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012