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Mohamad
Mohamad is a 55-year-old married man and father of three children. In 1990, Mohamad opened a grocery store to make his living, and he loves his business and is working hard to improve it.
Mohamad used to work as an accountant, but just like almost all of the Palestinians living in Lebanon, his working opportunities are nonexistent, so the grocery store was the easiest and fastest business to cover his family's needs and expenses.
Mohamad applied for a loan from KIva's partner Al Majmoua, in order to increase his business merchandise with special cereals requested for winter, drinks and conservatives. He also hopes to open a larger shop in the future that might turn into a supermarket.
This is Mohamad's second cycle as Al Majmoua borrower,. He has a good payback history.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,855,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohamad to increase his business merchandise with special winter requested cereals, drink and conservatives.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014