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Mouhamad
Mouhamad is a 45-year-old married man and the father of three. He owns a shop selling underwear and pajamas. Mouhamad lives in Tyre and opened his store in 1990. His business is located in a profitable region and he is able to obtain good sales figures. In the beginning, Mouhamad encountered difficulties expanding his shop but managed to overcome them.

This is Mouhamad's fourth loan. He reports that the previous ones helped him develop his business and augment his income. He is requesting a loan from Al Majmoua to increase his capital for the spring and summer seasons. In the future, Mouhamad wishes to expand even more and open a larger shop.

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
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Mouhamad to buy new spring and summer collection in good prices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2011
Listed
Apr 11, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 21, 2012