He is applying for a loan from Kiva's partner Al Majmoua in order to buy necessary seeds, fertilizers and new plastic tents because the current ones were destroyed in the last snow storm.
Mohamad has a very good reputation in his region, and is well-known at the wholesale market. Mohamad takes good care of his production and makes sure that every plant has the care it needs.
He hopes to keep on expanding his business more and more, and to open his own vegetable market.
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