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Mohamad
Mohamad is a 36-year-old married father of three children. He has been employed in an company for nine years. His wife doesn't work, and two of his children are currently enrolled in a public school which increases the burden on him to work harder in order to meet his family's needs.

Mohamad is applying for a loan from Kiva's partner Al Majmoua, to buy a car. This will facilitate most of his family needs, and will help him because he plans to start a business of his own.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $15,334,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Mohamad to buy a car to facilitate his family's needs.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 15, 2013