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Mohamad
Mohamad is a 32-year-old married man. After 15 years of experience in the field of shoe making and trade, he decided to open up his own business last year. Today, Mohamad employs three men at his shop and another three, temporarily, in high seasons.

Mohamad has a deep knowledge in this sector but he lacks the capital necessary for expansion. For this purpose, he is applying for a loan from Kiva’s partner, Al Majmoua, which he will use to buy more supplies, enhance his manufacture and accommodate the increasing demands of his customers.

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

  • $15,800
    Average annual income
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    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 buy more supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013