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Mohammad
Mohammad is a 30-year-old married man who lives with his wife and three children in Chtoura. He owns a small restaurant (known as a snack in his region) where he serves fast food and sandwiches. Mohammad opened his own restaurant in 2005 but has 15 years of experience in this field. He started working in restaurants when he was 15 to help meet his family’s household expenses as their financiA. situation was not good.

Mohammad works to improve himself by expanding his business. He used his first loan to make some necessary changes to his house. Mohammad is requesting his second loan from A. Majmoua to buy an additionA. grill to meet his customer’s needs. He is anxious to receive his loan which he will use to increase his income and help provide the best childhood for his children, unlike the one he had.

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 $2,000 helped Mohammad to buy a restaurant grill.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 8, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012