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Mohamad
Mohamad is a 23-year-old single man who has been working in manufacturing and selling furniture for eight years. In 2007, he started his own business, which was a very impressive step forward. It reflected positively on his socio-economic situation because he is highly talented in this domain.

He is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to buy necessary wood, sponge and textiles to expand his work by manufacturing and selling new furniture designs. This loan will help him a lot in increasing his production, which will attract new customers and increase his sales.

He hopes to open a furniture gallery in the future where he can display all of his designs and creations in an artistic 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
  • 83
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    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 buy necessary wood, sponge and textiles to expand his work by manufacturing and selling new furniture designs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 13, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014