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Mohamad
Mohamad is a 24-year-old single man who has worked as a carpenter for 10 years. Mohamad was too young when he started working to help his family earn a living. In August 2011, Mohamad started his own business from home. He makes furniture, in addition to plexiglass designs and requests. Mohamad is a hard worker. He puts a lot of effort into spreading his name all over the region. Mohamad is applying for a YOUTH LOAN from Kiva partner Al Majmoua in order to open a workshop to expand his production. He has been an Al Majmoua borrower for four cycles. All his previous loans helped a lot in improving his business. During that time he was a borrower in good standing. Mohamad is planning to keep on expanding his business by opening a bigger work space and employing new staff to help reply to customers' requests.

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

  • $5,900
    Average annual income
  • 109
    View loans »
    Lebanon Loans Fundraising
  • $15,361,075
    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 open a workshop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jun 27, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013