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Mohamad
Mohamad is a 19-year-old single man, who has been working in selling and maintaining household electrical appliances since four years ago. This is a wide domain to work with, especially since his business is located in a very good business region. His business is well known since it was opened in 1997 by his father before he got it and developed it for his own, so the customers know them a lot and that's a positive point forward.

Mohamad is applying for his first YOUTH loan cycle from Kiva's partner Al Majmoua, in order to buy refrigerators and power generators, which he needs a lot in his business because he is skilled in maintenance upon customers needs and requests. Mohamad is planning to expand the customer service and maintenance departments to develop his business better and expand his working skills. He has to invest in improving his work forward.

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

  • $15,800
    Average annual income
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    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 buy refrigerators and power generators.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Mar 10, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014