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Mhamad
Mhamad is a 33-year-old man, married with no children, working as a car painter. He lives in Beirut and works in his shop. His father opened the shop in 1970 and Mhamad has worked there since 1990. He provides good quality work and his clients are mainly friends and neighbors.

This is Mhamad's seventh loan cycle. He reports that the previous loans helped him fulfill the needs of the shop. He is now requesting a loan from Al Majmoua in order to buy extra paint, tools and gas for his store. In the future, he hopes to expand his business.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mhamad to buy more tools, gas and paint.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 21, 2012