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Mohamad
Mohamad is a 23-year-old single man who has been working in the construction business, specializing in cement work, for the past seven years.

Mohamad is a hard worker who puts a lot of effort into developing and expanding his business. To widen his working zone, Mohamad needs a car to facilitate his transportation and transport his tools from one place to another. For this reason, he is acquiring a youth loan from Kiva partner Al Majmoua to buy a car that will facilitate his business transportation and expand his working zone.

Mohamad hopes to keep on supporting and expanding his business in a well-managed way.

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
  • 67
    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 $1,800 helped Mohamad to buy a car to facilitate his transportation and transport his tools from one place to another.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014