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Mouhanad
Mouhanad is a 23 year old single man from Ain. He has been selling mobile phones and their accessories in his rented shop since July 2010, with 5 years of experience in this field.
Mouhanad is a hard worker. His family are against him taking a loan because his father can help him increase his capital, but because he prefers to handle his own business alone, he has applied for his first loan from Al Majmoua, a Kiva partner, to increase his business capital.
Mouhanad hopes to open a new branch in the future, and to be well known in the region.

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
  • 59
    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 $1,200 helped Mouhanad to increase his prepaid cards capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Jul 3, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012