Check out some available loans that are similar to this one!
Mohamad
Mohamad is a 58-year-old married man and father of five children. In 2003, he started up his own telecommunications store, selling telephones and mobile recharging cards and providing international calls. Being a stranger to his current village of work and residence, Mohamad had a rough start. However, he succeeded in building a wide client base thanks to his experience in retail, good customer service, and strategic location.

Mohamad is applying for a loan from Kiva Partner Al Majmoua to purchase more supplies to offer at his store. With this he will be able to ensure the availability of products to his customers. Mohamad will use the money left to support his son in starting up his own recording studio.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    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 purchase more supplies to offer at his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 29, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013