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Mohamad
Mohamad is a 64-year-old married man and father of two children who has been working in the car body repair business for 30 years. In 1995, Mohamad started his own business to improve his living. His has expanded over the years but needs a small amount of external cash to support the business from time to time. That's why he applied for a loan from Kiva partner Al Majmoua. He will use the loan to buy necessary tools and products requested. Mohamad is a hard worker and a beloved father. He will also use part of the loan to help his daughter to pay for her baby's delivery soon.

Mohamad hopes to keep on supporting his children as much as he can because they mean the world to 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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Mohamad to buy tools and products for his business and pay for medical expenses.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
Jun 9, 2012
Currency Exchange Loss:
N/A
Expired:
Jul 9, 2012