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Mohamad
Mohamad is a 55-year-old married man who is the father of one child. He has been working as a butcher since 1998. Mohamad is a hard worker who puts much effort into pleasing his customers and expanding his business.

Mohamad has applied for a loan from Kiva's partner, Al Majmoua, for the second time, in order to start two extra businesses to increase his income and improve his family's living conditions. He will open a convenience store and a vegetable selling shop: both businesses are frequently requested in his area since everything is needed in his region. He hopes to keep on improving and developing his businesses as much as he can.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to open a convenience store and vegetable selling shop to increase his income.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014