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Mohamad
Mohamad is a 26-year-old single man who has worked as a barber since 2008. He is well known in his region and has a good reputation, which has helped him in making a lot of trustful friendships. This has also helped in improving his business, too. Mohamad has requested a loan from Kiva partner Al Majmoua in order to buy tools, updated machines and cosmetics for his business, in addition to paying for his sick father's treatment. He has taken a loan before and was very pleased with the results.
Mohamad wants his shop to be filled and meeting every customer's need. He wants to expand his business to open a skincare department, which is highly requested by most of his customers these days.

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
  • 39
    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, updated machines and cosmetics for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013