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Mohamad
Mohamad, 50 years old, married with five children, lives in Saida South, Lebanon, where he owns a gas station and has been a client of Al Majmoua for two cycles already. He is requesting a loan of $1,000 to purchase motor oil tanks and a variety of car accessories he wants to sell at the station. With the tremendous increase in oil prices, Mohamad is thinking of ways to diversify the services offered by his gas station in order not to be completely dependent on the selling of gas and oil.

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
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $14,580,575
    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 purchase motor oil tanks and a variety of car accessories.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 10, 2008
Listed
Jun 19, 2008
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2009