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.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid