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Mohamad
Mohamad is a 19-year-old single man, who has been working in transportation for three years. Mohamad didn't finish his elementary education because his parents couldn't afford paying for his tuition fees, which forced him to work early in order to help his parents in covering their expenses.
Mohamad started his own business a year ago, and he is working hard to improve it. His van needs maintenance. He has to change its engine, so he applied for a YOUTH LOAN from Kiva's partner, Al Majmoua. He is specialized in transporting students from and to school. The only obstacle he has faced was the high price of fuel in Lebanon.
Mohamad is planning to improve and expand his business as much as he can, to improve his income and his living.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mohamad to change his van's engine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013