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Mohamad
Mohamad, age 43, has worked as an electrician for 20 years. His extensive experience has brought him the trust of his customers and has provided him with the ability to provide specialized services that are highly requested at any time. Sadly, however, the income from this business is not stable, and since his family requires a consistent income, Mohamad started an extra business: a grocery store. He reports that it has provided much of the stability he had hoped for it to provide for his family.

To improve both businesses, Mohamad is applying for a loan from Kiva partner Al Majmou, in order to buy necessary tools for his electrician business in addition to adding more products to his grocery store. He expects an increased income in both areas as a result of this loan.

Mohamad is a man with a very good reputation both as an electrician and as a grocer. He is very highly respected by his 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
  • 65
    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 $1,000 helped Mohamad to buy necessary tools for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012