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Mohamad Khaled
Mohamad Khaled, a 53-year-old single man, has been selling food in his convenience store for three years now. He used to draw on textiles, but because he needed a daily source of income, he opened the store to make his living.



Mohamad Khaled is requesting a loan from Kiva's partner Al Majmoua, to expand his merchandise with special spring/summer beverages; he will also buy special-offer products that will increase his income and develop his business.



Well-known in his region for his good reputation and special prices, Mohamad Khaled hopes to continue pleasing his customers and developing his enterprise.

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
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohamad Khaled to increase his merchandise with special spring/summer beverages.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014