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Mohamad
Mohamad is a 48-year-old married father of three children. He has owned a bookstore for 31 years and his business is still going on just fine, almost covering most of his family's needs. Mohamad is a hard worker and is well known in his region, with his good reputation.

Mohamad has already had two loan cycles with Kiva's partner, Al Majmoua. His previous loan was invested in improving his business, and today Mohamad is applying for a new loan in order to increase his merchandise with special children's items for the spring and summer seasons. He will stock items such as coloring books, sea inflatables, games and many other entertaining items that will bring joy to the children during their Easter and summer vacations. This will also increase Mohamad's income and help in buying another car to replace the one that was stolen from him.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Mohamad to increase his merchandise with special children's items for the spring and summer seasons.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 27, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013