Check out some available loans that are similar to this one!
Mohamad
Mohamad is a 51-year-old married man and father of 5 children who has been working as a blacksmith for 32 years. Nineteen years ago, Mohamad opened his own shop, an important step forward for improving his social and financial situation.

Mohamad is a hard worker. He is applying for a loan from Kiva partner Al Majmoua in order to buy a new machine necessary for improving his business, that will make working with iron faster & easier. He has been an Al Majmoua borrower for ten consecutive cycles. All his previous loans helped improve his business, and he has proven to be a borrower in good standing.

Mohamad hopes to keep on improving his business and be capable of covering his family's expenses.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    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 a new ironworking machine necessary.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Feb 14, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013