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Mohamad
Mohamed S. is 41 years old and lives with his wife and five children in the suburbs of Saida in south Lebanon. Mohamed is a very hardworking man who is determined to make a difference in his family's life. He owns a coffee shop located next door to his home and is well known for the excellent taste of his hubble bubbles, a type of hookah. He needs a loan for $1,000, his first from Al Majmoua, to restore his house and thereby improve the life of his family.

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

  • $15,800
    Average annual income
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    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 repair his house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 22, 2008
Listed
Jul 1, 2008
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2009