In 2010 he rented his current motorcycle repairing garage, and he is working hard to develop it as much as he can. Thus, for this reason, Mohamad is acquiring a loan from Kiva partner Al Majmoua Lebanese Association for Developmen, to buy necessary car hardware to start repairing cars as an additional income business, which he believes will cover his children's increasingly unexpected needs.
Mohamad hopes to keep on developing his business to make sure he can reply to all of his customer's and family's needs as much as he can.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid