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Mohsen
Mohsen is a 49-year-old married man, father of two children. Mohsen has been working for seven years in selling men's clothes, exactly since he opened his retail shop in 2005. Mohsen came back to Lebanon in 2005 and started his business because he likes this kind of work and wants to settle down.

Mohsen wants to get ready for the end of Ramadan month's celebrations, that's why he applied for a loan from Kiva partner Al Majmoua, in order to increase his business capital with a new summer collection.

This is his third cycle as an Al Majmoua borrower and he is always optimistic with these loans, that's why he is loyal to Al Majmoua and always does his best to pay on time and show his good standing. He hopes to improve and expand his business more and more in the future.

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
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Mohsen to increase his business capital with a new summer collection.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013