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Mohamad
Mohamed, 22 years old, is a single man. He lives in the north of Lebanon.


Mohamed owns a small shop, which is next to his home. At the shop he sells and repairs cell phones. He needs a loan of $1,200 so he can purchase more goods for his shop.


Mohamed is very ambitious and motivated. His priority in life is increasing his income to ensure a successful future. He wants to get married and raise a family.


This is the first time Mohamed has requested a loan from A. Majmoua.

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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,645,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mohamad working capital to purchase cellphones.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 25, 2008
Listed
Aug 4, 2008
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009