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Mohamad
Mohamad is a 51-year-old married man, living in Beirut with his wife and 4 children. Mohamad has owned an electronics sales shop since 2005, with 25 years of experience in this domain. He sells electronic games, DVDs and records special song CDs requested by his clients. Mohamad is requesting a loan from Al Majmoua for the second time, in order to buy new products to improve his business, such as updated Playstation, MP4 and DVDs. Mohamad works on staying up-to-date with every new release because all of his clients request new releases and he has to be ready for that at any time.

Mohamad's first loan was very impressive, he stated that it improved his social situation and helped in his children's education. Mohamad's prices are very special, and his customer service is unique. His clients can be anyone in the region, including tourists, since he is in a tourist area in Beirut, visited by almost all tourists visiting Lebanon. Mohamad hopes to expand his business through selling computer accessories and hardware.

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
  • 136
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Mohamad to add new products to his business, such as Playstation, MP4 and DVDs.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 7, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012