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Mahmoud
Mahmoud is a 52 year-old man living in a Lebanese village with his wife.

Everyday, he drives back and forth from one village to the other in his van, transporting people on his way; this is how he earns his everyday income. His wife is unemployed, which makes him the family's only provider.

His revenue barely covers their monthly expenses. He contacted Al Majmoua because it was his last hope to be able to renovate some parts of his home that had become completely unusable. In fact, he needs a loan in order to change the floor of both his kitchen and balcony.

Mahmoud's ambition for the future is to open up his own car washing station in his village, which would require an even bigger loan.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mahmoud to change the floor of both his kitchen and balcony.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014