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Mohamad
Mohamad is a 24-year-old single man, who has been working as a guard since June 2004. In September 2012, he found an extra income job to improve his living conditions, because as a Palestinian, job vacancies and varieties are limited. He found this chance and couldn't refuse it, because he believes that he will work hard to learn how to be skilled in furniture-making and he might start his own business as soon as he finds himself skilled enough to take full responsibility for his own business. In addition, he wants to savie the necessary capital to start his own business.

Mohamad is applying for a Youth Loan from Kiva partner Al Majmoua, in order to pay the remaining amount of the cost of his car so that he can move easily between both jobs, and be ready to reply to any future extra income furniture maintenance request.

This is Mohamad's second cycle as Al Majmoua borrower. He has a good history of paying back. He believes that his previous loan reflected positively on his social life and helped him a lot in his financial situation.

He hopes to keep on improving his living as much as he can.

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
  • 88
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Mohamad to pay the remaining part of the cost of his car.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013