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Mohamad
Mohamad is a 43-year-old married father of three children, who are enrolled in a public school because of his low income business. His wife doesn't work, her main responsibility is taking care of her beloved family members.
Mohamad works hard to develop his business and improve his family's standard of living, that's why he is applying for a loan from Kiva's partner Al Majmoua, to undertake the necessary maintenance and register his car which is essential for his business facilitation.
He works in the construction domain, specialising in painting houses and shops for the past thirty years.
This long experience has provided him with customers' trust and support. This car will help him expand his working region, and transport his tools and requested items easily.
He is working hard to open a shop for selling paints and painting tools.

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
  • 92
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Mohamad to undertake necessary maintenance and register his car.
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