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Mohamad
Mohamad is a 20 year old single man who opened a grocery store in May 2006. Mohamad finished his Intermediate education and started his small business with the help of his father who gave him his initial capital. He didn't enjoy school life as much as he enjoys business.
Mohamad is an Al Majmoua borrower. This is his second cycle. His previous loan was requested for improving his business just like this one. Through this loan, Mohamad is going to buy extra cereal, detergent and preserved food.
Most of his customers are friends and neighbors, they support him a lot through being his loyal customers, at the same time he provides them with the best customer service.
He intends to expand his business more and more in the future, through adding new products to attract more 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
  • 120
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to buy cereal, detergent and preserved food for sale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Sep 12, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013