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Mohammad
Mohammad is a 31-year-old married father of two children. Since water in Lebanon is heavily polluted and people cannot drink tap water, Mohammad decided to open up his own business and distribute drinkable, fresh, and clean water to his neighborhood.



Because he needs to satisfy a large number of people in order to maximize his profit and provide a healthy life for his family, he contacted Al Majmoua to request a loan to purchase two motorbikes that will help him and his staff reach their customers more easily, deliver their requests, and secure new contracts.



As for the future, Mohammad wishes to expand this business and maximize the number of customers who can benefit from healthy water.

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
  • 33
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Mohammad to purchase two motorbikes to help him and his staff reach their customers more easily.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 1, 2013