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Mhamad
Mhamad is a 31-year-old married man, living with his wife and one child in Qana. Mhamad works at selling and fixing air conditioners. He's almost the only one in the region doing this. As we know, the summer season is his business's high season, and he has to be prepared for it. That's why he requested a loan from Al Majmoua-Kiva partner, in order to buy air conditioners requested by clients. He doesn't have enough cash on hand to get them.

Mhamad opened his own shop in 2007, but he has 10 years of experience in this field which gives him a positive point and his customers trust him.

He hopes to expand his business further and to have employees to help in doing quarterly maintenance for customers.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mhamad to buy air conditioners necessary for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2011
Listed
Jun 22, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012