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Mohammad Ali
Mohammad Ali is a 46-year-old married father of nine children. He lives in a small village in Southern Lebanon with his wife and seven of his children.

He owns a business where he trades and sells spare parts and tires, and washes cars. His wife is unemployed, and his children are still at school, which makes him the only provider and financial resource of the family. His monthly revenue is barely enough to cover half of his expenses, but nevertheless, all his children are enrolled in a public school.

Given the fact that Mohammad has nine children, enhancing and improving his business is one of his priorities. He contacted Al Majmoua for a third time in order to acquire a loan. This time, he needs to borrow a loan in order to purchase tires and oil and other merchandise for his business. It would without a doubt be of great benefit for him.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohammad Ali to purchase tires and oil and other merchandise for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014