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Mohamad
Mohamad is a 25-year-old single man who started working twelve years ago as a plumber to help his parents in making their living and covering their expenses. He quit school during intermediate level, although he wishes he had the chance to experience more of it.

Today and exactly three years ago, he started working for himself and established his own successful business. He has one employee to help him in responding to customers needs.

Mohamad is applying for a YOUTH loan from Kiva's partner Al Majmoua, to update his business tools and make necessary decorations to his house.
This is his first loan cycle as an Al Majmoua borrower, but he hopes that it will be his first step forward towards future relationships that will lead to business development.

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.

About Lebanon

  • $5,900
    Average annual income
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    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 update his business tools and make necessary decorations to his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 18, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014