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Mahmoud
Mahmoud is a 36 year-old married father of two. He and his family are Palestinian and live in a marginalized Palestinian camp in the South of Lebanon. He has a sandwich shop, and occasionally works as a painter on construction sites. His wife is currently unemployed, which makes him the only financial provider of the family. Both his children are enrolled in private schools, which mean that he has to settle the schooling tuition fees, in addition to his regular family expenses. He decided to acquire a loan from Al Majmoua in order to purchase a car for his family, which would truly facilitate their lives. His previous loan from Al Majmoua helped him continue to build his house.

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

  • $15,800
    Average annual income
  • 79
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,400 helped Mahmoud to purchase a car for his family, which would truly facilitate their lives.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 14, 2013