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Mohamad
Mohamad is a 23-year-old single man who has been working in the air-conditioning business since 2006. He is a talented person who is dedicated to his business. He is well known in his region due to his special customer service and neat work. He is recommended by almost all of his customers. Mohamad is applying for a youth loan from Kiva partner Al Majmoua, to increase and renew his business required tools. This loan will help him a lot in his business development. This is Mohamad's second cycle as an Al Majmoua borrower. His previous loan enabled him to do maintenance work on his car which was necessary for the development and expansion of his business. He hopes that in the future he can open a shop which he can use as his base for his business instead of using his car as his mobile shop.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad to increase and renew his business required tools.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Aug 4, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014