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Mohamad
Mohamad is a 44-year-old married man and the father of one child. He has worked for five years as a school bus driver. He owns a small van that helps him in making his living; it is his only source of living, that's why he applied for a loan from Kiva partner Al Majmoua to change his van's engine to keep it in good shape.

Mohamad is a hardworking man, trusted by most of his customers. This is his first time as an Al Majmoua borrower, and he hopes that his future loans will help him to buy a new bus that will please and comfort his customers.

He also hopes to open a transportation company in the future.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,855,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mohamad to change his van's engine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 26, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013