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Mohamad
Mohamad is a 40-year-old married man and the father of three kids. He has worked for twenty-five years as a car mechanic. He was fifteen years old when he first started this kind of business. He mentioned that his childhood wasn't interesting, and he wished he had been able to live it the way he had hoped.

Mohamad is requesting a loan for the fifth time from Al Majmoua, in order to buy car engines necessary for his business at a very good, encouraging price. His previous loans were invested in improving his business, and they had a great effect. Most of his customers are friends, relatives and neighbors, in addition to nearby villagers.

He hopes to keep on improving his business, in order to keep fulfilling his family's needs.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,824,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Mohamad to buy car engines necessary for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2011
Listed
May 10, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012