Check out other loans that are currently fundraising!
Mohamad
Mohamad is a 44-year-old married man, father of two children. He has been working renewing and making furniture for three years. His business is going on just fine, but needs an external push to develop more. Today, Mohamad is applying for a loan from Kiva's partner Al Majmoua, in order to register his pick up to better serve his customers.

This is Mohamad's second cycle as an Al Majmoua borrower with a good standing pay back history. His previous loan helped him a lot in increasing his business capital with the necessary used furniture. He is working hard to develop his business more to open a big showroom in the future. He hopes to keep on developing his business more and more to provide his family with a special living standard that fulfills their needs and satisfies their desires.

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
  • 99
    View loans »
    Lebanon Loans Fundraising
  • $15,295,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad to register his pick up.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014