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Mohamad
Mohamad is a 38-year-old married man and father of three children who works hard in his grocery store and improves his wholesale trade to fulfill their needs. Mohamad is a hardworking man with a good reputation in his area. He struggles to improve his family's social and financial situation. Mohamad is requesting a loan from Al Majmoua to buy a Renault rapid car, necessary to transport merchandise requested in his store and to sell wholesale products. Mohamad is planning to open other branches in nearby villages, and he is hoping to expand his business more and more.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Mohamad to buy a Renault rapid car.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2011
Listed
Jul 26, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012