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Mohamad
Mohamad is a 19-year-old single man. Five years ago Mohamad started his own business, dealing with manufacturing aluminum doors, closets & windows. He was too young to start a business, but he had his family to take care of and to help in making their living.

Mohamad is a hard worker, he insists on improving himself as much as he can. That's why he has applied for a Youth Loan from Kiva partner, Al Majmoua, in order to buy necessary raw materials with special prices.

Mohamad misses his childhood and hopes to expand his business in a way that when he thinks of making a family in the future, he has to be sure that his children will have a safe and healthy childhood with all their needs to be met. Mohamad insists on expanding his business in the future.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohamad to buy raw materials with special prices.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013