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Mohamad
Mohamad is 21 years old and single. He works in air conditioner maintenance and has been doing so for four years. In 2009 he opened his own shop. Mohamad has a good reputation as his experience helps in making his customers rely on him anytime they face a slight problem with their air conditioners
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Mohamad is requesting his first loan from Al Majmoua in order to be prepared for the summer high season since most of his clients ask for a check-up before the hot season begins. He will use the loan to buy necessary hardware and spare parts that he might need. Mohamad hopes to use the income he will earn this summer to cover his house ceiling which he recently started building.

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
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohamad to purchase hardware necessary for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2011
Listed
Jun 2, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012