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Mahmoud
Mahmoud is a 43-year-old single Palestinian man who owns a mobile phone store. Besides cellular phones, he also sells their accessories, mobile recharging cards, and offers software programming. Mahmoud’s business start-up was difficult due to a lack of capital; however, with his ambition and business-oriented mind, he succeeded.

Mahmoud is applying for a loan from Kiva’s partner, Al Majmoua. He will invest the money in buying more phones, accessories and recharge cards; this will considerably increase his revenues. Mahmoud’s client base is wide and can expand more given the high demand for this industry in Lebanon. Mahmoud hopes that one day he can become a local dealer for the Nokia brand in Lebanon.

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
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $15,606,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mahmoud to purchase more phones, accessories and recharge cards to sell; this will considerably increase his revenues.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013