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Mohamad
48-year-old married Mohamad, lives and works with his wife and three children in Ain. He provides electricity for his villagers because of the big problem almost all of the Lebanese suffer from and never know when it's going to be solved.
Mohamad is a hard worker who seeks perfection in his business to fulfill his customers needs and to keep his service the best in the region to assure his customers loyalty.
Mohamad owns a power generator since seven years ago and since that time he is continuously working on doing the necessary maintenance to his generator to keep it in a very good situation.
Mohamad is applying for a loan for the first time from Kiva partner Al Majmoua, in order to buy necessary fuel oil for his generator at a very good price to save them because their price varies a lot in a short period of time, which increases his income.
He is planning to buy another generator in the near future, which will increase the subscribers and income through covering a wider region.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    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 buy necessary fuel oil for his power generator.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013